Oceanfront Tap
919 Ocean Terrace Unit 919 Seaside Heights, NJ 08751
For Sale
$2,499,900
Recently renovated corner tap house on the boardwalk with indoor and outdoor seating and an included liquor license.
Property Size6,000 SF
Price / SF$416.65
Days on Market1357
Property Features for 919 Ocean Terrace Unit 919
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- General Commercial
Listing Agency:
Seaside Heights Realty Inc.
(732) 330-6651
Listed By:
Michael Loundy · License #8435976
(732) 330-6651
Source:
Xome
Added: Nov 5, 2022
Changed: Jul 23
Last Checked: Jul 23 at 2:56PM
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 Seaside Heights Realty Inc.
Investment Insights
Based on property information with market context.
This recently renovated corner boardwalk and oceanfront tap house is offered as an estate sale. The main level features a great open layout at the boardwalk level with both inside and outside seating. A large basement provides additional space that may be suited for expansion and back-of-house needs, including potential offices, walk-ins, storage, and kitchen support.
The property includes a consumption liquor license and is positioned adjacent to Casino Pier, with rides and amusements at your doorstep.
The overall configuration supports both current restaurant and bar operations and future interior upgrades, including room to add a kitchen at the main level while leveraging the basement for added capacity.
The property includes a consumption liquor license and is positioned adjacent to Casino Pier, with rides and amusements at your doorstep.
The overall configuration supports both current restaurant and bar operations and future interior upgrades, including room to add a kitchen at the main level while leveraging the basement for added capacity.
Key Highlights
- Recently renovated corner boardwalk and oceanfront tap house with open layout at the boardwalk level
- Indoor and outdoor seating, plus parking with 3 on‑site off‑street spaces
- Includes a consumption liquor license
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 | $129.6k | $21.60 |
| − Vacancy | −$7.3k | −$1.21 |
| EGI | $122.3k | $20.39 |
| − OpEx | −$30.6k | −$5.10 |
| NOI | $91.8k | $15.29 |
6,000 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.31M
$1.15M – $1.53M
NOI $91,757 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,670 @ 7.0% cap · market cap 4.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bars & Pubs
Similar Off Market Nearby
- Barrel Brothers Wine & Spirits — 13 Boulevard, Seaside Heights, NJ 08751
- The Pier at Seaside — 2 Ocean Terrace, Seaside Heights, NJ 08751
- Sand Bar Seaside Park — 1807 Boardwalk #5, Seaside Park, NJ 08752
- Bamboo Bar — 201 Boulevard, Seaside Heights, NJ 08751
- Sawmill Beach Bar — 1800 boardwalk, seaside park, nj 08752
FAQs
What type of property is this?
Bar & Pub - Recently renovated corner tap house on the boardwalk with indoor and outdoor seating and an included liquor license.
Where is this bar & pub located?
The property is located at 919 Ocean Terrace Unit 919 Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $2,499,900.
What are key features of this property?
This property features: Recently renovated corner boardwalk and oceanfront tap house with open layout at the boardwalk level; Indoor and outdoor seating, plus parking with 3 on‑site off‑street spaces; Includes a consumption liquor license
