4,324 sf lot with 37' of Ocean Front Walk frontage just South of Rose Ave (115' deep). Existing 1,700 sf retail building rented for $7,717 per month until June 2016. 6 month cancellation clause in the event of a sale. 5% annual increases. Must be purchased with 309 Ocean Front Walk, the adjacent 3,883 sf lot to the South ($2.15M) to make an 8,206 sf parcel ($4.4M for both parcels) with $16,217 per month income. Mixed Use or Small Lot Subdivision. On combined lots can build 3 lofts above, 3 retail stores below, as completed on 619 OFW. Tentative City approval for 1,800 sf restaurant with boardwalk seating on combined lots with new 2nd story parking structure. Price is Firm. Seller wants fast Close.
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