Corner Retail
New
For Sale
$2,750,000
1520 Boulevard, Seaside Heights, NJ 08751
The one-story property has two tenant-occupied units, one vacant unit, and on-site parking.
Property Size6,240 SF
Lot Size0.35 Acres
Price / SF$440.71
Days on Market4
Property Features for 1520 Boulevard
General Information
Standard status
Active
Size
6,240 SF
Lot size
0.35 Acres
Property subtype
Commercial
Zoning
RB
Occupancy
50%
Site & Location
Corner Location
Yes
Road Access
Yes
Additional Details
Land Use
retail
Building Details
Year Built
1980
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Arthur Rue Agency
Listed By:
Dean Devasia
(732) 793-0473
Source:
Actionplusrealty
Added: Oct 10
Changed: Oct 13
Last Checked: Oct 12 at 7:12PM
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 Arthur Rue Agency
Investment Insights
Based on property information with market context.
This 6,240-square-foot, one-story retail building dates to 1980 and contains two tenant-occupied units alongside one vacant unit. On-site parking serves the property. The parcel totals 15,063 square feet and carries RB zoning, which permits multifamily residential use. The stated density calculation yields up to 12 units, subject to site plan approval.
At the corner of Boulevard and Hiering Avenue, the property has approximately 150 feet of frontage on Boulevard and 100 feet on Hiering Avenue. It is one block from the beach, near the Ortley Beach border.
At the corner of Boulevard and Hiering Avenue, the property has approximately 150 feet of frontage on Boulevard and 100 feet on Hiering Avenue. It is one block from the beach, near the Ortley Beach border.
Key Highlights
- 6,240‑square‑foot, one‑story retail building built in 1980
- 15,063‑square‑foot lot with RB zoning permitting multifamily residential use
- Density calculation indicates up to 12 units, subject to site plan approval
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,065
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,781,300
$1.8M
Cap Rate 7%
$1,272,357
$1.3M
Cap Rate 9%
$989,611
$989.6K
Market Conditions
NOI Build-Up for 6,240 SF
Gross rent
$134.8K $21.60/SF
− Vacancy
−$7.5K −$1.21/SF
EGI
$127.2K $20.39/SF
− OpEx
−$38.2K −$6.12/SF
NOI
$89.1K $14.27/SF
Area
Ocean County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,781,300
Cap Rate 7%
$1,272,357
Cap Rate 9%
$989,611
Alternative Uses
Best Use
Retail
$1.27M
$1.11M – $1.48M
NOI $89,065 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M
NOI $114,057 @ 7.0% cap · market cap 4.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
50%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
532
Businesses Nearby
28k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 81%
Shops & Services 19%
ACME Markets
Groceries
15,228 visits/mo
0.2 miles
Spirits Unlimited
Groceries
7,882 visits/mo
0.2 miles
TD Bank
Shops & Services
2,963 visits/mo
0.1 miles
7-Eleven
Shops & Services
2,117 visits/mo
0.4 miles
Marathon
Shops & Services
263 visits/mo
0.5 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
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Frequently Asked Questions
What type of property is this?
Storefront property - The one-story property has two tenant-occupied units, one vacant unit, and on-site parking.
Where is this storefront property located?
The property is located at 1520 Boulevard Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 6,240‑square‑foot, one‑story retail building built in 1980; 15,063‑square‑foot lot with RB zoning permitting multifamily residential use; Density calculation indicates up to 12 units, subject to site plan approval
