Seaside Heights Restaurant and
117 Boulevard Seaside Heights, NJ 08751
117 Boulevard, Seaside Heights, NJ, 08751
$1,750,000
For Sale
$1,750,000
Turnkey restaurant with three rentable apartments in Seaside Heights.
Property Size3,225 SF
Price / SF$542.64
Days on Market101
Property Features for 117 Boulevard
General Information
- Standard status
- Active
- Size
- 3,225 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1940
Listing agency
GOLDSTONE REALTY
(732) 898-3400
Listed by
SIDNEY LOUNDY · License #1541994
Source
Corcoran
Added: Apr 14 Updated: Jul 10 at 3:55PM Checked: Jul 22 at 10:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of GOLDSTONE REALTY
Investment Insights
Based on property information with market context.
This property features a turnkey restaurant business with a history of operation in Seaside Heights. The sale includes the business, building, and equipment. The building has a brick facade and is located on the corner of Lincoln and the Boulevard. Above the deli are three rentable spaces, including two rented apartments. The property size is 3225 square feet.
Key Highlights
- Turnkey restaurant business, building, and equipment included in sale.
- Established, year‑round successful business in a seasonal location.
- Prime corner location at Lincoln and the Boulevard with significant curb appeal.
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 | $69.7k | $21.60 |
| − Vacancy | −$3.9k | −$1.21 |
| EGI | $65.8k | $20.39 |
| − OpEx | −$16.4k | −$5.10 |
| NOI | $49.3k | $15.29 |
3,225 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$704.6K
$616.5K – $822.0K
NOI $49,319 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$842.1K
$736.9K – $982.5K
NOI $58,948 @ 7.0% cap · market cap 3.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Turnkey restaurant with three rentable apartments in Seaside Heights.
Where is this conventional restaurant located?
The property is located at 117 Boulevard Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Turnkey restaurant business, building, and equipment included in sale.; Established, year‑round successful business in a seasonal location.; Prime corner location at Lincoln and the Boulevard with significant curb appeal.
