Property profile

919 Ocean Ter Seaside Heights, NJ 08751

FOR SALE
Other commercial real estate
Property ID
US59-1073560
3,852 SF 0.13 ac lot Built 1970
Individually Owned 23-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a corner, oceanfront “tap house” style building with an estimated 6,000 square feet of space, located on the boardwalk and adjacent to Seaside’s Casino Pier area. It features an open layout on the boardwalk level and includes both indoor and outdoor seating areas. The building includes a large basement that offers space that could be adapted for expansion and/or support uses such as offices, additional walk-in storage, or a potential kitchen. The main level also has room that could accommodate the addition of a kitchen. The property includes a consumption liquor license and is positioned in a highly trafficked boardwalk/coastal environment with proximity to rides and amusements; it is accessible via Parkway Exit 82.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1970
Construction CONCRETE BLOCKS
Total area 3,852 SF
Lot 0.13 ac (5,773 SF)
Zoning code RR
APN 27 00061-0000-00001
UPID US59-1073560

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

919 Ocean Ter Seaside Heights, NJ 08751
Seaside Heights metro Census 728003 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$415k
CAP Approach CAP
$685k
Comparable Approach Comparable
$606k
Blend (final) Blend
$570k

Owner & transaction history

since 2003
1 recorded transaction
2003
Price N/A

Zoning & alternative use

RR · Seaside Heights, NJ
Zoning description

The purpose of the RR Zone is to provide areas for recreational and amusement activities, including carousels, roller coasters, Ferris wheels, miniature golf courses, exhibits, and other similar rides and attractions

General category OPEN_SPACE

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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More about this property
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