SOLD! SEA BRIGHT, NJ – REAL ESTATE AUCTION
REAL ESTATE AUCTION
$500,000 OPENING BID
3-STORY MULTI USE COMMERCIAL / PROFESSIONAL & RESIDENTIAL BUILDING +/- 6,890 SQ. FT.
LIVE ON-SITE AUCTION:
WEDNESDAY JULY 10TH, 2013 @ 11:00 AM
LOCATION: 1054 OCEAN AVE. SEA BRIGHT, NJ 07760
PROPERTY FEATURES: 6,890 +/- Sq. Ft. 3-story brick-masonry-steel and glass commercial building with broad B-1 zoning allowing multiple uses.
This building was purchased in 2006 for $1.2 million and extensively renovated and remodeled at a cost of $1.1 million. Upgrades for locker rooms, bathrooms, interior appointments and flooring cost an additional $150,000. The premises opened as Adrenaline Fitness, a boutique health club. There are expansive water views through large picture windows on each floor. 1st floor features a large open space, high ceiling, brick walls, reception counters and a ultra modern women’s locker room. 2nd floor has similar open spaces with private offices and a kitchen unit and modern mens locker room. 3rd floor has a large open spaces, vaulted ceiling with 6 sky lights, bathroom and a utility room with washer/dryer hook-ups.
All floors are accessed by a commercial grade stairwell, and a 7 ½’ X 5’ 10” elevator and bldg complies with all handicap requirements. There is an outside wide metal fire escape and the bldg has a sprinkler system throughout. There is a state of the art alarm system with recessed lights and ceiling fans. Each floor is separately air conditioned and floors 2 and 3 are heated with forced hot air. 1stfloor has radiant heat imbedded in the foundation’s 6” slab.
The building occupies a 30’X100’ lot directly on Ocean Ave with an unobstructed view of the ocean. There is on street parking and directly across Ocean Ave is a very large free municipal parking lot right next to the beach. Building has very solid construction with a concrete slab floor over a concrete filled crawl space. Steel beams and engineered lumber throughout give the structure the weight bearing capacity of 100lbs per sq ft on each floor. (required for heavy equipment/health club)
The property is in a B-1 central business district zone. Some permitted uses are commercial, retail, personal services, restaurants, professional offices and residential apartments on floors 2 and 3. Original building plans available for inspection.
UTILITIES: 600 amp 3 phase overhead service w/transformers and separate breaker panels on each floor. City water, city sewer, large capacity boiler for hot water for radiant heat and health club use, gas forced hot air heat on floors 2 and 3, and 1st floor has radiant heat in the slab. Each floor has its own central air condition unit and all heat and A/C units are roof top mounted.
TUESDAY JUNE 18: FROM 11:00AM-2:00PM
WEDNESDAY JUNE 26: FROM 11:00AM-2:00PM
AND WEDNESDAY (DAY OF SALE) JULY 10TH, 2013 10:00AM-11:00AM OR BY SPECIAL APPOINTMENT.
CLICK “DOCUMENTS” ON RIGHT OF SCREEN FOR GENERAL INFORMATION , COMPLETE TERMS & CONDITIONS, AND BIDDERS’ PACKAGE
SALE SUBJECT TO 5% BUYER’S PREMIUM
REALTORS PARTICIPATION ENCOURAGED AND PROTECTED
A.P. NATOLI & PETER COSTANZO AUCTIONEERS & REALTORS
NJ R.E. LIC. 8900421 Peter Costanzo Auctioneers, Inc. R.E. LIC. 8910502 Peter Costanzo
THE AUCTIONEERS GROUP
(609) 693-6899 (732) 776-7222
ALL PROSPECTIVE BIDDERS MUST REGISTER IN THE MORNING PRIOR TO THE START OF THE AUCTION ON JULY 10TH AT 11:00AM. HIGH BIDDER MUST SIGN A CONTRACT OF SALE AT THE CONCLUSION OF THE BIDDING AND GIVE A $25,000 DEPOSIT. THE DEPOSIT MAY BE CASH, CERTIFIED OR BANK CHECK, OR PERSONAL CHECK WILL BE ACCEPTED. HIGH BID PRICE AND CONTRACT IS SUBJECT TO THE ACCEPTANCE OF THE SELLER.
A 5% BUYERS PREMIUM WILL APPLY. PROPERTY IS SOLD “AS-IS” FREE AND CLEAR OF ALL LIENS AND CLEAR, INSURABLE TITLE IS GUARANTEED. THE PROPERTY IS OFFERED WITH A $500,000 NOMINAL OPENING BID.
GSP to exit 105 – Eatontown / Long Branch, Take Rt. 36E all the way to Ocean Ave. Make left turn onto Ocean Ave., go approx. 3 miles into Sea Bright to 1054 Ocean Ave. on left.