314 42nd Street

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314 42nd Street

Sea Isle City, NJ 08243
Asking Price
$7.00M
Asset Type
Restaurant Retail
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Located at 314 42nd Street in Sea Isle City, New Jersey.
  • This retail asset is currently configured for restaurant operations.
  • The property is available for purchase at 6,999,999 dollars.
  • Prime location within a heavily frequented coastal New Jersey market.
  • Well-suited for hospitality businesses seeking high summer tourism volume.

What's Special

Establish a prominent culinary destination at 314 42nd Street in Sea Isle City, New Jersey. This retail property currently functions as a restaurant space and sits in a popular coastal submarket known for its seasonal tourism and steady summer foot traffic. Given the high visibility and established commercial footprint, the asset is well-suited for continued food service operations, upscale dining, or a multi-concept hospitality venue. The surrounding area features a mix of leisure businesses and local residences, creating a consistent demographic of patrons during peak months. Investors and owner-operators alike will recognize the strategic value of securing a standalone restaurant site in this prominent Jersey Shore community. The location provides proximity to key thoroughfares that connect local beach communities throughout the barrier islands, ensuring accessibility for both residents and visitors throughout the busy regional summer season.

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NOI
$80,000
Cap Rate
1.14%
DSCR
0.19
Underwater
Cash-on-Cash
-15.98%
Monthly Payment
$34,632.176
Annual Cash Flow
$-335,586.109

Location & Travel Times