Mixed-Use Property with
New
For Sale
$3,400,000
129 Sumner Avenue, Seaside Heights, NJ 08751
Commercial Sale, Seaside Heights, NJ
Property Size7,415 SF
Lot Size0.09 Acres
Price / SF$458.53
Days on Market5
Property Features for 129 Sumner Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Condo, Mixed, Commercial
Parking
4
Parking features
On Street, Covered
Interior features
Refrigeration
Exterior features
Lighting
Fireplace
1
Basement
Crawl Space
Lot features
Corner Lot
Directions
Corner of Sumner and Central Ave
Subdivision
Seaside Heights
Standard status
Active
APN
27-00014-01-00029
Size
7,415 SF
Lot size
0.09 Acres
Tenancy & Operations
Currently Operating
Yes
Business Included
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
25080
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
balconies/decks
outdoor shower
washer/dryer
Building Details
Floors in Building
3
Listing Agency:
RE/MAX Revolution
Listed By:
Stephanie Sevastakis
(732) 724-9018
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 27 at 6:06PM
MLS# 22633654
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 mixed-use offering at 129 Sumner Avenue includes Babe's Corner Store & Deli and two furnished townhomes operated as short-term rentals. The store is a year-round business with approximately 2,160 square feet of retail and backroom space. Store equipment is included; inventory is separate.
Built in 2023, each three-story residence has four bedrooms, three full bathrooms, living space, a fully equipped kitchen, a washer and dryer, and multiple balconies or decks. One unit accommodates up to 10 guests and the other up to 8. Each has an assigned garage parking space, and the property also has an outdoor shower. The rental operation has received more than 175 five-star reviews across Airbnb and VRBO.
Built in 2023, each three-story residence has four bedrooms, three full bathrooms, living space, a fully equipped kitchen, a washer and dryer, and multiple balconies or decks. One unit accommodates up to 10 guests and the other up to 8. Each has an assigned garage parking space, and the property also has an outdoor shower. The rental operation has received more than 175 five-star reviews across Airbnb and VRBO.
Key Highlights
- Approximately 2,160 square feet of commercial space with retail and backroom areas
- Year‑round convenience store and deli; equipment included, inventory sold separately
- Two three‑story townhomes built in 2023, each with four bedrooms and three full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,028
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,280,560
$2.3M
Cap Rate 7%
$1,628,971
$1.6M
Cap Rate 9%
$1,266,978
$1.3M
Market Conditions
NOI Build-Up for 7,415 SF
Gross rent
$222.5K $30.00/SF
− Vacancy
−$15.1K −$2.04/SF
EGI
$207.3K $27.96/SF
− OpEx
−$93.3K −$12.58/SF
NOI
$114.0K $15.38/SF
Area
Ocean County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,280,560
Cap Rate 7%
$1,628,971
Cap Rate 9%
$1,266,978
Alternative Uses
Best Use
Apartment 5plus
$1.63M
$1.43M – $1.90M
NOI $114,028 @ 7.0% cap · market cap 3.35%
Second Best
Specialty Retail
$1.62M
$1.42M – $1.89M
NOI $113,396 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$1.94M
$1.69M – $2.26M
NOI $135,534 @ 7.0% cap · market cap 3.99%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
634
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The package combines a year-round convenience store and deli with two furnished residences used for short-term stays.
Where is this mixed-use property located?
The property is located at 129 Sumner Avenue Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: Approximately 2,160 square feet of commercial space with retail and backroom areas; Year‑round convenience store and deli; equipment included, inventory sold separately; Two three‑story townhomes built in 2023, each with four bedrooms and three full bathrooms
