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3710 Landis Ave 4 Unit Apartment Building $5,660,258 CAD ($1,415,065 CAD/Unit) Sea Isle City, NJ 08243
Investment Highlights
- Positioned on a large corner parcel directly in the downtown core of Sea Isle City with excellent exposure.
- Offers an additional commercial unit providing flexibility for retail or professional uses.
- Significant future development potential for a mixed-use project with condominium residences over street-level commercial space.
- Includes an established restaurant unit with seating, prep area, storage, and take-out service.
- Contains four income-producing residential units, including a fully renovated luxury two-bedroom, two-bathroom suite.
Executive Summary
Exceptional real estate opportunities of this magnitude are rarely offered in the highly competitive Sea Isle City market. Positioned on an expansive, high-visibility 100x110-foot parcel, this landmark mixed-use property commands a premier presence in the heart of a bustling downtown district, directly adjacent to a high-traffic Wawa. The substantial footprint currently houses the legendary Phil’s Famous Pizza and Restaurant, a 2600 square foot unit with 53 seats, prep area, storage area , counter area, take out windows and more. A true staple of the local community, Adjoining the restaurant is a versatile commercial unit, currently operating as a nail salon, which offers incredible flexibility for a secondary dining concept, a boutique retail boutique, or a professional service business. Beyond its prime commercial appeal, the true financial engine of this property lies in its four on-site residential rental units, which provide a powerful, diversified revenue stream to offset expenses and maximize yield. The residential portfolio includes two comfortable one-bedroom, one-bathroom units, and additional two-bedroom, one-bathroom unit. The crown jewel of the residential component is a beautifully and completely renovated two-bedroom, two-bathroom suite, meticulously designed with premium finishes that make it ideal for year-round luxury living, a high-end vacation rental, or exclusive owner's quarters. This multi-faceted asset is perfectly tailored for an ambitious restaurant group looking to expand into a premier coastal market, or for a savvy investor seeking immediate, consistent cash flow with substantial long-term appreciation. Adding to its immense value, the property possesses extraordinary future development upside. Subject to municipal zoning approval, the massive parcel can be redeveloped into a modern mixed-use complex featuring up to eight expansive 1,500-square-foot residential condominiums sitting atop premier street-level commercial storefronts. Whether you choose to operate the existing successful framework or redevelop the site to unlock its maximum density, this trophy property represents a generational investment in one of New Jersey's most desirable beach towns. To protect the privacy and operational integrity of the current businesses, all interested parties must sign a Confidentiality and Non-Disclosure Agreement (NDA) prior to receiving financial information or scheduling a private showing.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
| 1+1 | 2 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 09 00037- 03-00012- 01 | Improvements Assessment | $827,330 CAD |
| Land Assessment | $1,096,984 CAD | Total Assessment | $1,924,313 CAD |
Property Taxes
Parcel Number
09 00037- 03-00012- 01
Land Assessment
$1,096,984 CAD
Improvements Assessment
$827,330 CAD
Total Assessment
$1,924,313 CAD
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Keller Williams Jersey Shore
3710 Landis Ave
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