1003 Ocean Terrace, Seaside Heights, NJ 08751
- Added:
- Feb 6, 2026
- Days on Market:
- 126
- Last Refresh:
- Jun 12 at 6:06 pm
Property Features for 1003 Ocean Terrace
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 1
- Parking features
- On Street, Off Street
- Interior features
- Internal Loading, Refrigeration
- Exterior features
- Lighting
- Basement
- Full, Walk-Out Access
- 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
- Ocean Front, Beach Front
- Water front
- 1
Building Details
- Year built
- 1940
- Floors in Building
- 2
- Flooring type
- Concrete, Tile
- 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.
HighLights
- Ocean front/Beach front building directly on the north end of the Seaside Heights Boardwalk
- Built in 1940; block construction with flat asphalt roof
- Restaurant currently has 3 years left on its lease
- Connected with gas, electricity, and public water; public sewer
- Includes ANSUL and a basement‑level fire suppression system
- New roof and signage installed in 2025; basement includes offices, three walk‑ins, prep kitchen, storage, and direct‑access loading bay
Overview
A large basement supports day-to-day operations with offices, three walk-in coolers, storage areas, and a prep kitchen, along with additional storage accessed through a direct access loading bay. The property is situated in the Resort Recreational Zone and is described as being in a high-foot-traffic area with nearby beach and attraction access, plus ample parking in the surrounding area.
The layout lends itself to restaurant users seeking an established resort location, with substantial back-of-house capacity for food prep and inventory handling. Buyers may also consider adapting the space as-is or pursuing expansion given the stated best-use opportunities for the property.
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 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Jersey Food Truck — 16 Dupont Ave, Seaside Heights, NJ 08751
- Catering by William — 14 N St, Seaside Park, NJ 08752
Location Insight
- Map
- Local Demand
- City
- Seaside Heights
- County
- Ocean
- State
- New Jersey
- Longitude
- -74.070372
- Latitude
- 39.943932
