Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    117 Boulevard Seaside Heights, NJ 08751

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,750,000

    Seaside Heights restaurant with apartments for additional income.

    Property size:
    3,225 SF
    Lot size:
    0.09 Acres

    Property Features for 117 Boulevard

    General Information

    Size
    3,225 SF
    Lot size
    0.09 Acres

    Building Details

    Year built
    1940

    We can help!

    Listing Contact
    Sidney Loundy
    Source: Exitrealty

    Listing Agency: Goldstone Realty Listing Agent: Sidney Loundy

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Turnkey Restaurant with Rental Income

    This is a commercial property for sale in Seaside Heights, New Jersey, featuring a turnkey restaurant business, building, and equipment. The restaurant, Ryan's Deli, is located on the corner of Lincoln and the Boulevard, and has operated year-round for the last twenty years. The property includes three rentable spaces above the deli, including two rented apartments. The building has a brick facade and a total size of 3225 square feet.
    Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seaside Heights
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.0761
    Latitude
    39.9485

    Nearby Similar for Sale

    • $2,499,900
      6,000 SF

      Corner Boardwalk Tap House

      Renovated tap house with liquor license near Casino Pier.
      919 Ocean Ter, Seaside Heights, NJ 08751
      View Details
    • $1,500,000
      7,740 SF

      Seaside Heights Boardwalk Commercial Building

      Commercial building on Seaside Heights Boardwalk with high foot traffic.
      1003 Ocean Ter, Seaside Heights, NJ 08751
      View Details
    • $835,000
      2,122 SF

      Renovated Two-Family Home Near Beach

      Two-family home near beach, boardwalk, and amusements.
      115 Blaine Ave, Seaside Heights, NJ 08751
      View Details
    • $60,000
      270 SF

      Boardwalk Business Opportunity in Seaside

      Established boardwalk business for sale with equipment and inventory.
      3B Ocean Ter, Seaside Heights, NJ 08751
      View Details
    • $3,000,000
      6,930 SF

      Luxury Motel Near Jersey Shore

      Renovated luxury motel steps from the beach and boardwalk.
      61 Sumner Ave, Seaside Heights, NJ 08751
      View Details
    • $849,000
      2,310 SF

      Seaside Heights Income Producing Property

      Four-unit property near beach, boardwalk, and amenities.
      610 Barnegat Ave, Seaside Heights, NJ 08751
      View Details
    • New
      $849,000

      Seaside Heights Multifamily Investment Property

      Multifamily property near the ocean in Seaside Heights, NJ.
      43 Lincoln Ave, Seaside Heights, NJ 08751
      View Details
    • $3,599,000

      Seaside Heights Development Opportunity

      Approved townhomes, existing hotel near beach, redevelopment area.
      1201 Boulevard, Seaside Heights, NJ 08751
      View Details
    • $899,900
      2,400 SF

      Ocean Block Two-Family Property

      Clean two-family near beach, strong rental potential, private backyard.
      53 Carteret Ave, Seaside Heights, NJ 08751
      View Details
    • $875,000
      1,300 SF

      Seaside Heights Multifamily Investment Opportunity

      Two-building compound near the beach, ideal for rentals.
      119 Blaine Ave, Seaside Heights, NJ 08751
      View Details
    • $899,000
      0.09 Acres

      Seaside Heights Multi-Family Investment

      Well-maintained 3-family property near boardwalk and beach.
      128 Hamilton Ave, Seaside Heights, NJ 08751
      View Details
    • New
      $950,000
      2,820 SF

      Oceanside Three-Unit Income Property

      Three-unit property near beach and boardwalk, fully furnished and remodeled.
      132 Lincoln Ave, Seaside Heights, NJ 08751
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Seaside Heights restaurant with apartments for additional income.
    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, successful year-round business in seasonal Seaside Heights.; - Prime corner location at Lincoln & the Boulevard.
    (732) 898-3400
    Request Owner's contact information
    117 Boulevard Seaside Heights, NJ 08751
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    117 Boulevard
    Seaside Heights, NJ 08751
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    117 Boulevard Seaside Heights, NJ 08751
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Sidney Loundy
    Real Estate License ID: 1541994
    (732) 898-3400
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!