Property Description

Rare opportunity to acquire a 1/2 acre assemblage, Two parcels being sold together. ( 620 & 628 Shore Rd ). 628 Shore Rd is vacant land and 620 Shore Rd is currently improved with income-producing mechanic shop / warehouse with tenant paying $8,000/Month. The Village has indicated support for a minimum of 8 senior housing units 2 Bedrooms 1.5 Baths approximately 1,500 SF each. The elevated construction concept strategy already contemplated ( piles/helicals with under-unit car ports, post sandy coastal style construction. With $8,000/Month cash flow from existing mechanic/ warehouse tenant gives a developer ability to collect income while advancing approvals and environmental due diligence are completed.

Property Features