Courtesy: Farley & Ferry Realty Inc
Margate Investment and or Development Project!! Currently an Apartment complex consisting of 11 residential units fully occupied. 10 one bedroom units and one efficiency. Laundry room on site and all units include a balcony and or porch. Electric heat paid by tenancy. Lease information available in associated documents. The complex sits on a lot 131 X125 close to bay and popular fine dining. Margate zoning officials have confirmed from a development perspective in WSD zone the permitted property developed allows for 7 townhomes with commercial below approximately 2000 square ft or possibly 5 single family homes @3200 square ft each. Use variance may be required for either. We recommend buyer reviews their plan with zoning. The location welcomes new construction and is an awe-inspiring opportunity in an extremely sought after location and trending neighborhood. Manifest your design strategy in Margate!
NJAC2010864
Business Opportunities, Other
ATLANTIC
1955
0.38
Acres
Public
Stucco
Public Sewer
16,375
Sq. Ft.
Interior Features
- Cooling
- Ceiling Fan(s)
- Heating
- Electric Heating. Forced Air.
- Accessibility
- Accessible Entrance.
Exterior / Lot Features
- Parking
- 6 Parking Spaces.
- Exterior
- Stucco
- Lot Dimensions
- 131.00 x 125.00
Financial Considerations
16-00426-00021
$11,858
Arrows indicate 90 day trend
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