1003 Ocean Terrace Seaside Heights, NJ 08751
COMMERCIAL - Seaside Heights, NJ
Property Features for 1003 Ocean Terrace
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 1
- Parking features
- Off Street, On Street
- Interior features
- Internal Loading, Refrigeration
- Exterior features
- Lighting
- Basement
- Walk-Out Access, Full
- Standard status
- Pending
- APN
- 27-00060-0000-00009
- Size
- 7,740 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 30580
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
- Water front features
- Beach Front, Ocean Front
- Water front
- 1
Building Details
- Year built
- 1940
- Floors in Building
- 2
- Flooring type
- Tile, Concrete
- Building materials
- Block
- Roof type
- Flat, Asphalt
Listing agent Jeffrey M Childers License #0895595 (732) 793-5500
Listing office Childers Sotheby's Intl Realty 554 Route 35 N, Normandy Beach, NJ (732) 793-5500
Listing date Feb 6, 2026
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The current restaurant has approximately three years remaining on its lease. The site is in a high-foot-traffic area with close proximity to Casino Pier and Breakwater Beach, and there is parking around the property.
Zoned for Resort Recreational use, the current structure can be used as is or expanded for additional best-use possibilities.
Key Highlights
- Beachfront location directly on the north end of the Seaside Heights Boardwalk
- Commercial building with internal loading and a basement office area plus three walk‑ins and a prep kitchen
- Utilities connected: gas, electricity, and water; public water and public sewer
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $167.2k | $21.60 |
| − Vacancy | −$9.4k | −$1.21 |
| EGI | $157.8k | $20.39 |
| − OpEx | −$39.5k | −$5.10 |
| NOI | $118.4k | $15.29 |
