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    OFF-MARKET
    Commercial real estate

    113 Ocean Ter, Seaside Heights, NJ 08751

    Property ID
    US59-1411603
    Property summary
    AI-generated overview

    This exceptional 5,400 square foot commercial land parcel presents a unique investment opportunity in the vibrant seaside town of Seaside Heights, New Jersey. Located directly on the Ocean Terrace boardwalk, this property boasts an enviable beachfront position with unparalleled exposure and high foot traffic. The lot is zoned RR (resort recreational), allowing for a variety of development possibilities, including residential and mixed-use projects. This flexibility makes it ideal for a range of commercial ventures, from restaurants and retail spaces to hotels and entertainment venues. Imagine the potential for creating a thriving business in this highly sought-after location. The property's prime position offers unmatched visibility and accessibility, ensuring a strong return on investment. With its expansive size and desirable zoning, this lot provides a blank canvas for a visionary developer to create a landmark property. The 2023 property taxes were $34,368. This exceptional offering is priced at $2,300,000 and represents a rare chance to acquire a piece of Seaside Heights' thriving beachfront real estate market. Don't miss this opportunity to capitalize on the potential of this exceptional location. The address is 113 Ocean Terrace, Seaside Heights, NJ 08751.

    Property profile
    Verified
    Property type Commercial real estate
    UPID US59-1411603
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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