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Exceptional real estate opportunities of this magnitude are rarely offered in the highly competitive Sea Isle City market. Positioned on an expansive, high-visibility 100x110-foot parcel, this landmark mixed-use property commands a premier presence in the heart of a bustling downtown district, directly adjacent to a high-traffic Wawa. The substantial footprint currently houses the legendary Phil's Famous Pizza and Restaurant, a 2600 square foot unit with 53 seats, prep area, storage area , counter area, take out windows and more. A true staple of the local community, Adjoining the restaurant is a versatile commercial unit, currently operating as a nail salon, which offers incredible flexibility for a secondary dining concept, a boutique retail boutique, or a professional service business. Beyond its prime commercial appeal, the true financial engine of this property lies in its four on-site residential rental units, which provide a powerful, diversified revenue stream to offset expenses and maximize yield. The residential portfolio includes two comfortable one-bedroom, one-bathroom units, and additional two-bedroom, one-bathroom unit. The crown jewel of the residential component is a beautifully and completely renovated two-bedroom, two-bathroom suite, meticulously designed with premium finishes that make it ideal for year-round luxury living, a high-end vacation rental, or exclusive owner's quarters. This multi-faceted asset is perfectly tailored for an ambitious restaurant group looking to expand into a premier coastal market, or for a savvy investor seeking immediate, consistent cash flow with substantial long-term appreciation. Adding to its immense value, the property possesses extraordinary future development upside. Subject to municipal zoning approval, the massive parcel can be redeveloped into a modern mixed-use complex featuring up to eight expansive 1,500-square-foot residential condominiums sitting atop premier street-level commercial storefronts. Whether you choose to operate the existing successful framework or redevelop the site to unlock its maximum density, this trophy property represents a generational investment in one of New Jersey's most desirable beach towns. To protect the privacy and operational integrity of the current businesses, all interested parties must sign a Confidentiality and Non-Disclosure Agreement (NDA) prior to receiving financial information or scheduling a private showing.
| DAYS ON MARKET | 7 | LAST UPDATED | 5/23/2026 |
|---|---|---|---|
| YEAR BUILT | 1986 | COMMUNITY | Sea Isle City City (20509) |
| COUNTY | CAPE MAY | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | OCEAN CITY SCHOOLS |
|---|
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric, Wall Unit(s), Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| AREA | Sea Isle City City (20509) |
| CONSTRUCTION | Block, Brick, Concrete, Other, Stucco, Vinyl Siding |
| HEAT | Baseboard, Electric, Forced Air, Natural Gas |
| LOT | 0.25 acre(s) |
| LOT DESCRIPTION | Corner Lot |
| LOT DIMENSIONS | 110.00 x 100.00 |
| PARKING | Paved, Parking Lot |
| SEWER | Private Sewer |
| TAXES | 12231 |
| WATER | Public |
| WATERFRONT DESCRIPTION | Ocean Front |
| ZONING | Zoning would allow for future redevelopment with 8 residential condos (1500 sf each) with commercial |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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