Restaurant with Outdoor
New
For Sale
$2,199,000
116 Sumner Avenue, Seaside Heights, NJ 08751
Commercial Sale, Seaside Heights, NJ
Property Size5,790 SF
Lot Size0.14 Acres
Price / SF$379.79
Days on Market1
Property Features for 116 Sumner Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Multi-Family, Retail, Professional, Multi-Use, Commercial, Central Business
Parking
3
Parking features
On Street
Security features
Security System
Exterior features
Lighting
Fencing
Fenced
Directions
One Block to the Beautiful Seaside Beaches in the heart of the City. Located on the Main artery entering into Seaside Heights. # 116 Sumner. This site is conforming to build 5 Townhomes or 3 Single Family Homes. Financing and Financials available for a Qualified Buyer.
Subdivision
Seaside Heights
Standard status
Active
APN
27-00015-0000-00014-01
Size
5,790 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
23403
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
2
Flooring type
Concrete
Building materials
Block, Brick, Concrete
Roof type
Flat
Listing Agency:
Seaside Heights Realty Inc.
(732) 793-5200
Listed By:
Michael Loundy · License #8435976
(732) 330-6651
Added: Oct 17
Last Checked: Oct 17 at 6:06AM
MLS# 22632879
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.
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Investment Insights
Based on property information with market context.
This 5,790-square-foot restaurant occupies two levels and has outdoor decks on multiple levels. The property sits on a 0.14-acre lot and is built with block, brick, and concrete. Interior features include concrete flooring and central air conditioning; the site also has lighting and fencing. A Consumption (C) Liquor License is included. The existing operation serves beverages, lunch, and dinner, with space also used for private events and catering.
At 116 Sumner Avenue in Seaside Heights, the property is one block from the boardwalk and beaches and is within the Seaside Business District. Public water and sewer serve the property, and parking is available on the street.
At 116 Sumner Avenue in Seaside Heights, the property is one block from the boardwalk and beaches and is within the Seaside Business District. Public water and sewer serve the property, and parking is available on the street.
Key Highlights
- Two‑level restaurant totaling 5,790 square feet
- Multiple levels of outdoor decks
- Includes a Consumption (C) Liquor License
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,545
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,770,900
$1.8M
Cap Rate 7%
$1,264,929
$1.3M
Cap Rate 9%
$983,833
$983.8K
Market Conditions
NOI Build-Up for 5,790 SF
Gross rent
$125.1K $21.60/SF
− Vacancy
−$7.0K −$1.21/SF
EGI
$118.1K $20.39/SF
− OpEx
−$29.5K −$5.10/SF
NOI
$88.5K $15.29/SF
Area
Ocean County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,770,900
Cap Rate 7%
$1,264,929
Cap Rate 9%
$983,833
Alternative Uses
Best Use
Specialty Retail
$1.26M
$1.11M – $1.48M
NOI $88,545 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,832 @ 7.0% cap · market cap 4.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
634
Businesses Nearby
3k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 82%
Dining 18%
7-Eleven
Shops & Services
2,117 visits/mo
0.2 miles
Three Brothers Pizza
Dining
530 visits/mo
0.3 miles
Marathon
Shops & Services
263 visits/mo
0.3 miles
Demographics for 08751, NJ
3,867
Population
5,319
Households
0.7
Avg Household Size
48
Median Age
39%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
2,975
Density / Sq Mi
$75,000
Median Household Income
$52,273
Median Earnings
$1,437
Median Rent
$583,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A two-level dining and beverage operation includes a Consumption (C) Liquor License.
Where is this conventional restaurant located?
The property is located at 116 Sumner Avenue Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $2,199,000.
What are key features of this property?
This property features: Two‑level restaurant totaling 5,790 square feet; Multiple levels of outdoor decks; Includes a Consumption (C) Liquor License
