Commercial > Other
Active
05/10/2025
List Price
$4,800,000
4001 Landis Ave
Sea Isle City, NJ 08243
- -Bed
- -Bath
- 5,184ft²Living Area
- 3,920ft²Lot Size
- -Pool
- 6Car
- 1949Year Built
- 80DOM
- -Permit
4001 Landis Ave, Sea Isle City, NJ 08243 is a 5,184 ft² property built in 1949 on a 0.090 acre lot. This property is currently on the market for $4,800,000, and it was last sold in 2023 for $2,120,000.
MLS Description
The listing agent's description. Original Listing
Location: The properties consist of building on the corner of 4001 Landis and the home behind it at 28 40th St. This is arguably noted as the busiest corner in Sea Isle City. Currently the corner building hosts the Coastal Chop House, South Jersey new and Premier Steakhouse and 2 condos above, which is located Directly across from the famous Ocean Drive Restaurant and Bar. 40 St is also the main walk-up street to the public beach access. These Properties are one of if not the most prime location in all of Sea Isle City for both residential and commercial development. Plans have been approved for the demolition of 4001 Landis and 28 4th St. to combine the 2 lots and rebuild a new building that would house a 1st floor commercial redevelopment consisting of 1 main sit down restaurant and 6 walk up food vendor windows. The 2nd floor would consist of 6 units 5 being approximately 1260 Sq foot 2 story Condos and 1 commercial unit of the same size. Obviously a potential buyer may choose other options including continuing the existing uses of the buildings but these plans are approved and add significant value.
Current Project Approval:
The first floor must remain commercial. The second and third floors will consist of 5 condos (for residential use). Each unit is approx. 1260 Sq Ft. The sixth unit must also remain commercial, potentially for managing the property (e.g., HOA or similar). Pricing & Financials:
Asking Price: $4.8 million.
Anticipated Resale of Upper Units: Between $1.3M - $1.5M each for the condos. They do have ocean views. ROI $6.5 - $7.5M just in the resale condo's. Commercial Space: The seller is offering to buy back the commercial space (restaurants and 6 walk-up windows) as a shell, But there is also the option for the seller to complete their own build-outs, and sell the units or use and rentals. Anticipated rentals of the 6 approved walk up window food spots at between $60,000 to $75,000 each per season and the sit down restaurant about $200,000 a season or you could explore different other plans more suitable to the buyers desirers. Obviously as an investor please do your own due diligence the figures we use are only estimates of rentals and would differ substantially especially if investors finish the units differently than the current plans project. This truly is a high-potential investment with a mix of commercial and residential use, and the location will certainly drive high interest.
Both Properties 4001 Landis Ave and 28 40th St will only be sold together as 1 sale. The listed value is for both properties and the transfer of the Municipality approved plans. Plans and Survey are in documents section.
Listing Agents
The listing agent for 4001 Landis Ave is Francis Mellace.
FM
Francis Mellace
Century 21 Rauh & Johns
Phone: (215) 870-5856
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2023$8,404.13From latest Total Assessed Value0.85%Total Assessed Value$986,400=Land+
Assessed Value$520,200Additions
Assessed Value$466,200
In 2023, taxes billed for 4001 Landis Ave were $8,404.13, which is 0.85% from latest Total Assessed Value of $986,400.
Property History
4001 Landis Ave has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 4001 Landis Ave
Hazard Risks
Hurricane178Carb Mono155Ozone118Air Pollution114Weather111Lead101Nat'l Avg100Particulates94Wind79Tornado41Earthquake36Hail25
12 hazards (Carbon Monoxide, Earthquake Risk, Hail Index, Tornado Index, Hurricane Index, Air Pollution Index, Ozone Index, Wind Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 4001 Landis Ave.
Walkability Index
13 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
4001 Landis Ave has a walkability score of 13 out of 20, which means that it is in a somewhat walkable area.
Temperature
Seasonal temperature sampled over multiple years
Winter
Average
Low
28°F
High
44°F
Summer
Average
Low
65°F
High
82°F
In the winter at 4001 Landis Ave, temperatures range from 27.63°F to 43.73°F with an average of 35.68°F. In the summer, the temperature ranges from 64.51°F to 81.95°F with and average of 73.23°F.
School Information
Public/private schools serving 4001 Landis Ave
Public Schools
Ocean City Primary School
Grades: PK-3
10.84 mi
C-
Ocean City Intermediate School
Grades: 4-8
9.47 mi
C
Ocean City High School
Grades: 9-12
10.78 mi
B
* The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.
Nearby public schools serving 4001 Landis Ave have ratings undefined, undefined, and undefined.
Neighborhood
This property is located in Sea Isle City, Sea Isle City, NJ 08243.
Seasonal Housing units 08243
91%of housing is for seasonal rent.
Daytime Population for 08243
+11%of people during work hours.
Crime Index for 08243
145
145
The crime index in 08243 is 145, which is 1.4 times higher than national average.
Market Trends
Historical market data near 4001 Landis Ave over selected time period.
Nearby Properties on Landis Ave
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- 3400 Landis Ave #Unit 413, Sea Isle City, NJ 08243 (Sea Isle City) is a 1,055 square foot and 0.25 acre property. It was built in 1984 and has an estimate of $673,624 with a price per ft² of $639.
- 5214 Landis Ave # A, Sea Isle City, NJ 08243 (Sea Isle City) is a 1,159 square foot and 0.11 acre property. It was built in 1940 and has an estimate of $652,500 with a price per ft² of $563.
- 5214 Landis Ave # B, Sea Isle City, NJ 08243 (Sea Isle City) is a 1,137 square foot and 0.11 acre property. It was built in 1940 and has an estimate of $655,300 with a price per ft² of $576.
- 7606 Landis Ave, Sea Isle City, NJ 08243 (Sea Isle City) is a 1,991 square foot and 0.03 acre property. It was built in 2001 and has an estimate of $1,433,995 with a price per ft² of $720.
- 300 Landis Ave #Apt 1, Sea Isle City, NJ 08243 (Sea Isle City) is a 1,197 square foot and 0.02 acre property. It was built in 1984 and has an estimate of $619,200 with a price per ft² of $517.
- 300 Landis Ave #Apt 2, Sea Isle City, NJ 08243 (Sea Isle City) is a 1,398 square foot and 0.02 acre property. It was built in 1984 and has an estimate of $669,342 with a price per ft² of $479.
- 300 Landis Ave #Apt 3, Sea Isle City, NJ 08243 (Sea Isle City) is a 1,398 square foot and 0.02 acre property. It was built in 1984 and has an estimate of $667,708 with a price per ft² of $478.
- 300 Landis Ave #Apt 4, Sea Isle City, NJ 08243 (Sea Isle City) is a 1,468 square foot and 0.02 acre property. It was built in 1984 and has an estimate of $682,214 with a price per ft² of $465.
- 300 Landis Ave #Apt 6, Sea Isle City, NJ 08243 (Sea Isle City) is a 1,290 square foot and 0.02 acre property. It was built in 1984 and has an estimate of $673,019 with a price per ft² of $522.
- 300 Landis Ave #Apt 8, Sea Isle City, NJ 08243 (Sea Isle City) is a 1,248 square foot and 0.02 acre property. It was built in 1984 and has an estimate of $669,138 with a price per ft² of $536.
- 3918 Landis Ave # 1, Sea Isle City, NJ 08243 (Sea Isle City) is a 576 square foot and 0.01 acre property. It was built in 1957 and has an estimate of $334,800 with a price per ft² of $581.
- 3918 Landis Ave # 2, Sea Isle City, NJ 08243 (Sea Isle City) is a 576 square foot and 0.01 acre property. It was built in 1966 and has an estimate of $334,500 with a price per ft² of $581.
- 3918 Landis Ave # 3, Sea Isle City, NJ 08243 (Sea Isle City) is a 576 square foot and 0.01 acre property. It was built in 1966 and has an estimate of $329,200 with a price per ft² of $572.
- 3918 Landis Ave # 6, Sea Isle City, NJ 08243 (Sea Isle City) is a 468 square foot and 0.01 acre property. It was built in 1966 and has an estimate of $298,300 with a price per ft² of $637.
- 3918 Landis Ave # 7, Sea Isle City, NJ 08243 (Sea Isle City) is a 468 square foot and 0.01 acre property. It was built in 1966 and has an estimate of $326,900 with a price per ft² of $699.
- 3918 Landis Ave # 8, Sea Isle City, NJ 08243 (Sea Isle City) is a 576 square foot and 0.01 acre property. It was built in 1966 and has an estimate of $325,800 with a price per ft² of $566.
- 4508 Landis Ave # 1, Sea Isle City, NJ 08243 (Sea Isle City) is a 815 square foot and 0.13 acre property. It was built in 1985 and has an estimate of $613,900 with a price per ft² of $753.
- 4508 Landis Ave # 2, Sea Isle City, NJ 08243 (Sea Isle City) is a 815 square foot and 0.13 acre property. It was built in 1985 and has an estimate of $582,000 with a price per ft² of $714.
- 4508 Landis Ave # 4, Sea Isle City, NJ 08243 (Sea Isle City) is a 1,057 square foot and 0.13 acre property. It was built in 1985 and has an estimate of $693,000 with a price per ft² of $656.
- 4901 Landis Ave # 1, Sea Isle City, NJ 08243 (Sea Isle City) is a 1,309 square foot and 0.02 acre property. It was built in 1981 and has an estimate of $830,200 with a price per ft² of $634.
- 4901 Landis Ave # 3, Sea Isle City, NJ 08243 (Sea Isle City) is a 1,411 square foot and 0.02 acre property. It was built in 1981 and has an estimate of $893,200 with a price per ft² of $633.
- 4901 Landis Ave # 4, Sea Isle City, NJ 08243 (Sea Isle City) is a 1,411 square foot and 0.02 acre property. It was built in 1981 and has an estimate of $899,500 with a price per ft² of $637.
- 4901 Landis Ave # 5, Sea Isle City, NJ 08243 (Sea Isle City) is a 1,411 square foot and 0.02 acre property. It was built in 1981 and has an estimate of $895,200 with a price per ft² of $634.
- 4901 Landis Ave # 7, Sea Isle City, NJ 08243 (Sea Isle City) is a 1,309 square foot and 0.02 acre property. It was built in 1981 and has an estimate of $870,000 with a price per ft² of $665.
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