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    215 N Decatur Ave Margate, NJ 08402

    For Sale
    $1,749,000

    Other - Margate, NJ

    Days on Market:
    132
    Last Refresh:
    Dec 8 at 1:06 pm

    Property Features for 215 N Decatur Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active

    Utilities

    Heating system
    None (Heating)

    Building Details

    Number of units
    3

    DILORENZO REALTY GROUP, LLC (609) 350-7475

    Listing agent JOSEPH DILORENZO (609) 350-7475 License #7937956

    Listing date Jul 30, 2025

    MLS# 595390 Listing URL

    Copyright © 2025 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Margate Land with Approved Plans

    This property is being sold as is, with approved plans for the construction of three units. The approved plans detail a rare opportunity to build a unit with two bedrooms, a unit with three bedrooms, and a unit with five bedrooms. The property runs street to street, from Benson Avenue to Decatur Avenue in Margate, New Jersey.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Margate
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.515731
    Latitude
    39.325887

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    FAQs

    What type of property is this?
    Commercial land - Land for sale with approved plans for three units.
    Where is this commercial land located?
    The property is located at 215 N Decatur Ave Margate, NJ.
    What is the asking price?
    The asking price for this property is $1,749,000.
    What are key features of this property?
    This property features: - Approved plans for 3 units included.; - Rare opportunity for development.; - Potential to build a 5-bedroom unit.
    (609) 350-7475
    Request Owner's contact information
    215 N Decatur Ave Margate, NJ 08402
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    Margate, NJ 08402
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    215 N Decatur Ave Margate, NJ 08402
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