9208 Ventnor AveMargate City, NJ 08402

This exceptional commercial property, located at 9208-10 Ventnor Avenue in Margate City, New Jersey, presents a compelling investment opportunity. The 4,000 square foot flex space building, constructed in 1950, is currently occupied by a long-term tenant, Miyako, operating as a restaurant and bar. The property boasts a highly desirable location on a busy corner in the southside of Margate. The asking price is $2,250,000, translating to a price per square foot of $562.50. The lease with the current tenant expires on December 30, 2024, representing approximately 0.1 years remaining. The property's total assessment is $678,600, with 2023 taxes totaling $11,197. Additional 2023 operating expenses include utilities of $2,713 and insurance costs of $4,912. This property offers a unique blend of established tenancy and significant potential for future growth in a prime commercial area. The property's history as the original location of successful businesses adds to its appeal. This is a rare opportunity to acquire a well-situated commercial property in a thriving market. Serious inquiries are encouraged.