Corner Commercial Land with Retail
New
For Sale
$2,750,000
1520 Boulevard, Seaside Heights, NJ 08751
Commercial Sale, Seaside Heights, NJ
Property Size6,240 SF
Lot Size0.35 Acres
Price / SF$440.71
Days on Market1
Property Features for 1520 Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Planned Residential, Commercial
Parking features
Parking Lot
Directions
GPS to Address
Subdivision
Seaside Heights
Standard status
Active
APN
27-00035-0000-00063
Size
6,240 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
26414
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1980
Floors in Building
1
Listing Agency:
Arthur Rue Agency
Listed By:
Dean Devasia
(732) 793-0473
Added: Oct 11
Last Checked: Oct 11 at 6:06PM
MLS# 22632140
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.
Investment Insights
Based on property information with market context.
The 0.35-acre corner parcel contains a 6,240-square-foot, one-story retail building constructed in 1980. The property has two tenant-occupied units, one vacant unit, and on-site parking. Public water and public sewer serve the site.
The lot measures 15,063 square feet, with about 150 feet of frontage on Boulevard and 100 feet on Hiering Avenue. It sits one block from the beach near the Ortley Beach border. RB zoning permits multifamily residential use; the stated calculation indicates a maximum density of 12 units based on 1,200 SF of lot area per unit, subject to site plan approval.
The lot measures 15,063 square feet, with about 150 feet of frontage on Boulevard and 100 feet on Hiering Avenue. It sits one block from the beach near the Ortley Beach border. RB zoning permits multifamily residential use; the stated calculation indicates a maximum density of 12 units based on 1,200 SF of lot area per unit, subject to site plan approval.
Key Highlights
- 15,063 SF lot with about 150 feet on Boulevard and 100 feet on Hiering Avenue
- RB zoning permits multifamily residential use; stated maximum density is 12 units, subject to site plan approval
- Existing 6,240 SF, one‑story retail building with two tenants and one vacant unit
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.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
522
Businesses Nearby
28k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 81%
Shops & Services 19%
ACME Markets
Groceries
15,228 visits/mo
0.3 miles
Spirits Unlimited
Groceries
7,882 visits/mo
0.3 miles
TD Bank
Shops & Services
2,963 visits/mo
0.4 miles
7-Eleven
Shops & Services
2,117 visits/mo
0.3 miles
Marathon
Shops & Services
263 visits/mo
0.3 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - RB zoning allows multifamily residential use, with density subject to site plan approval.
Where is this commercial land 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: 15,063 SF lot with about 150 feet on Boulevard and 100 feet on Hiering Avenue; RB zoning permits multifamily residential use; stated maximum density is 12 units, subject to site plan approval; Existing 6,240 SF, one‑story retail building with two tenants and one vacant unit
