An incredible once in a lifetime opportunity to own commercial mixed-use property (restaurant/bar) in the heart of Spray Beach--one of the most coveted and charming neighborhoods on all of Long Beach Island. Zoned for commercial and residential use, this oceanside gem offers not just a home or business, but a lifestyle infused with salt air, sunsets, and success.
Unit 1: Spray Beach Bagel & Grill (Includes both Business and Real Estate) - (Commercial Mixed-Use Zoned)
* Zoned for commercial mixed-use, allowing for both business and residential use
* Captive audience: surrounded by newly built condo complexes, hotels, and beach vacationer's all within walking distance
* Afforded the reputation of being one of LBI's most popular breakfast and lunch spots, that has more than doubled since taking over.
* Turnkey operation -- includes over $200,000 in equipment, large prep kitchen, and 800 SF walk-in box
* Owner will train to ensure a seamless transition for the buyer
* Includes catering business, and potential to sublet for evening service
* Offers outdoor seating for the business and a private backyard for the house rental
* Previously leased for $2,700/month -- now generates $6,500/week in seasonal income
* Located in a high-traffic, corner location with off-street parking -- rare on LBI
* Plenty of opportunity to expand hours, add new offerings, or grow brand presence
Unit 2: Residential Apartment
Size and Layout: This 800 sq. ft. 1-bedroom, 1-bath apartment is located above the shop, offering an open floor plan with cathedral ceilings and abundant natural light.
Versatility
Unit 3: 4BR/2.5BA Cape Cod Home ( 2,200 sq. ft.)
* Spacious floor plan with gourmet kitchen, granite counters, and stainless appliances
* Hardwood floors, AC, HWBB heat
* Oversized fenced backyard with outdoor shower--perfect for relaxing after a beach day
* Ideal for full-time living or seasonal rental
Investment Options:
* Purchase the entire package (business, apartment, and home)
* OR buy individually:
* Cape Cod home (MLS #NJOC392038)
* Business + apartment (MLS #NJOC392040)
Why You'll Love It:
* Zoned residential/commercial--live where you work or rent all three
* Opportunity to generate multiple revenue streams from retail, short-term rentals, and long-term tenants
* Short walk to the beach, bay, Spray Beach Hotel, and Beach Haven attractions
* A true island vibe with space to grow, sunsets to soak in, and an income stream to match
Investment Potential - We have crafted a comprehensive site plan accompanied by visual renderings for two standalone residences, each encompassing 2,500 square feet and comprising four bedrooms and three bathrooms. Furthermore, the proposal includes a raised bagel shop, which features a two-bedroom apartment located above.
This property's dual zoning for commercial and residential use presents a unique investment opportunity. Whether you're looking to run a business, live on-site, or generate rental income, this property offers a versatile solution. The current owner is committed to ensuring a seamless transition and is willing to provide training to the new owner.
Embrace the Spray Beach lifestyle with this oceanside gem, where salt air, sunsets, and success converge. Don't miss out on this unique opportunity to be part of one of Long Beach Island's most sought-after communities.
