Property profile

113 Ocean Ter Seaside Heights, NJ 08751

OFF-MARKET
Land
Property ID
US59-1411603
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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 Land
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

Location

113 Ocean Ter Seaside Heights, NJ 08751
Seaside Heights metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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