$2,495,000
Seaside Heights, NJ 08751
MLS# 22103130
Status: Closed
71000 sqft
1 / 75
Property Description
Fully Functioning Marina, Restaurant, Boat/Jet Ski, rentals. Incl boat service and winter storage., plus retail and residential rentals. Over 71,000 sq ft of possibilities. 3 residential and 5 commercial rentals plus boat slips on site that total over $260,000.00 in annual rents to new investor. Could be Huge Double Digit Cap Rate to absentee owner. If an investor wanted to run the restaurant, boat service, boat/jet ski rentals the income could be over way over rents. Great location for new boat sales or to be developed as Waterfront Living. Only site like it in the Northeast w this strong income stream and additional income development possibilities. Conveniently Located off Pky Exit 82, 1 hr from NYC, Philly and AC. Southern Exposure in the pristine protected cove. Contact LB.
Details
Maps
Contract Info
Status: Closed
List Date: 2021-02-03
Property Sub-Type: Commercial
Sale: Yes
Lease: No
Sold Price: $2,495,000
Current Price: $2,495,000
List Price/SqFt: 35.21
New Construction: No
Location
House Number: 417-421
Street Name: Bayside
Street Suffix: Terrace
Dir Suffix: W
County: Ocean
Municipality: Seaside Heights (SEH)
Postal City: Seaside Heights
State: NJ
Zip Code: 08751
Area/Section: Seaside Heights
Directions: Bayside of Seaside Heights. Off Rte 35 W. Huge traffic count. Backs up to the Hiering Ave section of Millionaires Row
General Property Info
# Levels: 2
Available SqFt: 71000
Apx SqFt: 71000
Garage: Yes
# Car Garage: 3
# Parking Spaces: 50
Acreage: 2
Lot Dimensions: IRR
Business Name: Cranberry Inlet Marina
Business Operating: Yes
Franchise: No
Farm: No
Tax and Legal
Taxes: 36827
Tax Year: 2020
Miscellaneous
# Docks: 50
Status Change Info
Under Contract Date: 2021-02-17
Sold Date: 2021-05-12
Sold Price: $2,495,000
Property Features
Location: Near Parkway Access; Other - See Remarks; Near Parkway Access; Other - See Remarks
Use: Apartments; Guest House; Marine; Professional Service; Professional/Office; Restaurant; Retail; Other
Interior: Fluorescent; Refrigeration
Seat Capacity: 60 - 99
Heating: Natural Gas
Water Heater: Natural Gas
Water: Public Water
Sewer: Public Sewer
Gas: On Site
Electric: Other - See Remarks
Exterior: Dock; Fenced; Lighting; Loading Dock; Outside Storage; Overhead Doors; Truck Door
Parking: Lighted; Off Street; On Site; Open
Roof: Shingle
Material: Block
Sale Includes: Business Name; Equipment/Furniture; Goodwill; Inventory; License; Machinery; Phone System; Signs; Training by Owner
Zoning: Central Business; Commercial; Condo; General Highway; Live-in Professional; Mixed; Multi-Use; Neighborhood; Office; Professional; Residential; Retail; Single Family; Multi-Family
Lot Description: Bayfront; Bayside; Corner Lot; Cove; Cul-De-Sac; Fenced/Enclosed Area; Highway Frontage; Irregular Lot; Lagoon; Possible Subdivision; Subdividable; Other; See Remarks
Water Type: Bayfront; Bayside; Bayview; Bulkhead; Cove; Riparian Grants; Riparian Rights; Other - See Remarks
Common Elements: Boat Dock
Assessment Status: Assessed
Documents Available: Aerial Photo; Legal Description; Survey
Listing Office: Seaside Heights Realty Inc.
Listing Agent: Michael Loundy
Last Updated: February - 06 - 2025
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