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Former Wards Pastry Building 728 Asbury Ave 5,500 SF of Retail Space Available in Ocean City, NJ 08226
HIGHLIGHTS
- Prime retail space in high traffic area
- EXCEPTIONAL COMMERCIAL OPPORTUNITY IN OCEAN CITY'S HISTORIC DOWNTOWN!
- Iconic establishment in New Jersey's coveted coastal destination.
- year round clientele
- Unveiling a captivating commercial space with 30 feet of prime frontage on the renowned Asbury Avenue
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 5,500 SF | 1-10 Years | $21.32 CAD/SF/YR $1.78 CAD/SF/MO $117,236 CAD/YR $9,770 CAD/MO | Triple Net (NNN) |
1st Floor
Please note the rent is for the entire building consisting of 2 floors, the 2 floors are connected by a shared staircase and freight elevator located at the rear of the building. The property is being leased as-is, tenant is responsible for their build out. There is an industrial hood and oven on the property, owner makes no guarantees on their condition. Property is currently winterized therefore any estimates of total expenses beyond taxes are unavailable, potential tenants encourages to account for this in their due diligence process. City-approved plans for retail on the ground floor and two residential units above, the property is ideal for investment or your next venture.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Space In Need of Renovation
- High Ceilings
- Secure Storage
- The Heart of Downtown Ocean City!
- Prime Retail Real Estate
- Demo Completed - Ready For Build Out!
- Historic Home To An Ocean City Iconic Bakery
- Plenty Of Foot Traffic!
- Strong Summer Season AND Christmas Season
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 5,500 SF | Gross Leasable Area | 5,500 SF |
| Property Type | Retail | Year Built | 1925 |
| Property Subtype | Storefront |
| Total Space Available | 5,500 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 5,500 SF |
| Year Built | 1925 |
ABOUT THE PROPERTY
EXCEPTIONAL COMMERCIAL OPPORTUNITY IN OCEAN CITY'S HISTORIC DOWNTOWN! Embark on an exciting journey to elevate your business in the heart of Ocean City! Unveiling a captivating commercial space with 30 feet of prime frontage on the renowned Asbury Avenue. This 5,500 sqft canvas awaits your creative touch to bring forth a vision that stands out. Formerly home to the historic Ward's Pastry, this space boasts a rich legacy and is situated in the bustling downtown hub. Experience the dynamic pulse of this location, where summer brings an explosion of seasonal business, and the enchanting Christmas atmosphere creates a unique winter allure. While the vibrant energy is a constant, businesses here thrive year-round. Picture your enterprise flourishing in this strategically demoed space, a blank slate ready to transform into the next iconic establishment in New Jersey's coveted coastal destination. Seize this golden opportunity to become an integral part of the thriving Ocean City community and leave an indelible mark in this prime commercial setting. Your business deserves a spotlight – let Asbury Avenue be the stage for your success!
NEARBY MAJOR RETAILERS
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Former Wards Pastry Building | 728 Asbury Ave
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