417-421 Bayside Terrace W, Seaside Heights, NJ 08751 (MLS# 22103130)

417-421 Bayside Terrace W, Seaside Heights, NJ 08751

$2,495,000

Virtual Tour

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Property Type: Commercial Square Footage: 71,000 Lot Size (sq. ft.): 87,120 Status: Closed

Current Price: $2,495,000 List Date: 2/03/2021 Last Modified: 2/06/2025

Overview

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.

Listing Details MLS# 22103130

Contract Info

Property Sub-Type: Commercial
Sale: Yes
Lease: No
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
Near Parkway Access: Yes
Other - See Remarks: Yes

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
Asmnt - Total: 0

Status Change Info

Under Contract Date: 2021-02-17
Sold Date: 2021-05-12

Miscellaneous

# Docks: 50

More Information

Income & Expenses

# Rental Units: 8

Use

Apartments: Yes
Guest House: Yes
Marine: Yes
Professional Service: Yes
Professional/Office: Yes
Restaurant: Yes
Retail: Yes
Other: Yes

Interior

Fluorescent: Yes
Refrigeration: Yes

Zoning

Central Business: Yes
Commercial: Yes
Condo: Yes
General Highway: Yes
Live-in Professional: Yes
Mixed: Yes
Multi-Family: Yes
Multi-Use: Yes
Neighborhood: Yes
Office: Yes
Professional: Yes
Residential: Yes
Retail: Yes
Single Family: Yes

Lot Description

Bayfront: Yes
Bayside: Yes
Corner Lot: Yes
Cove: Yes
Cul-De-Sac: Yes
Fenced/Enclosed Area: Yes
Highway Frontage: Yes
Irregular Lot: Yes
Lagoon: Yes
Other: Yes
Possible Subdivision: Yes
See Remarks: Yes
Subdividable: Yes

Water Type

Bayfront: Yes
Bayside: Yes
Bayview: Yes
Bulkhead: Yes
Cove: Yes
Riparian Grants: Yes
Riparian Rights: Yes
Other - See Remarks: Yes

Electric

Other - See Remarks: Yes

Gas

On Site: Yes

Seat Capacity

60 - 99: Yes

Water Heater

Natural Gas: Yes

Heating

Natural Gas: Yes

Water

Public Water: Yes

Sewer

Public Sewer: Yes

Exterior

Dock: Yes
Fenced: Yes
Lighting: Yes
Loading Dock: Yes
Outside Storage: Yes
Overhead Doors: Yes
Truck Door: Yes

Common Elements

Boat Dock: Yes

Parking

Lighted: Yes
Off Street: Yes
On Site: Yes
Open: Yes

Assessment Status

Assessed: Yes

Roof

Shingle: Yes

Material

Block: Yes

Sale Includes

Business Name: Yes
Equipment/Furniture: Yes
Goodwill: Yes
Inventory: Yes
License: Yes
Machinery: Yes
Phone System: Yes
Signs: Yes
Training by Owner: Yes

Documents Available

Aerial Photo: Yes
Legal Description: Yes
Survey: Yes

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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