Property Attributes
- MLS#NJAC2010864
- TypeCommercial
- CountyATLANTIC
- CityMargate City
- AreaMargate City
- Zip08402
- StyleApartment Building
- Year Built1955
- Taxes$ 11858
- Price$ 3,349,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage16375
- Lot Size0.38 Acres
Data Source:
Bright MLS
Property Description
Margate Investment and or Development Project!! Currently an Apartment complex consisting of 11 residential units fully occupied. 10 one bedroom units and one efficiency. Laundry room on site and all units include a balcony and or porch. Electric heat paid by tenancy. Lease information available in associated documents. The complex sits on a lot 131 X125 close to bay and popular fine dining. Margate zoning officials have confirmed from a development perspective in WSD zone the permitted property developed allows for 7 townhomes with commercial below approximately 2000 square ft or possibly 5 single family homes @3200 square ft each. Use variance may be required for either. We recommend buyer reviews their plan with zoning. The location welcomes new construction and is an awe-inspiring opportunity in an extremely sought after location and trending neighborhood. Manifest your design strategy in Margate!
Price History | |
---|---|
1/5/2024 | Listed $3,399,000 |
4/3/2024 | 2% - $3,349,000 |
General Features
Sewer | Public Sewer |
---|---|
Heating | Forced Air |
Cooling | Ceiling Fan(s) |
Possession | Settlement |
Zoning | WSD |
Construction Materials | Stucco |
Year Built | 1955 |
Property SubType | Five Or More Units |
Tax Year | 2023 |
Percent Ownership | Fee Simple |
Cool Fuel | Electric |
Business Type | Apartment Building |
Accessibility | Ramp - Main Level,2+ Access Exits |
County | ATLANTIC |
New Construction | No |
Property Type | Commercial Sale |
Possible Use | Investment,Development,Residential |
Water Access Y/N | No |
Status | ACTIVE |
Directions | Corner of Washington & Monmouth |
ModificationTimestamp | 2024-04-03T15:12:25 |
City | MARGATE CITY |
Buyer Agent Compensation | 3 |
MLS Area | Margate City (20116) |
Lot Size Square Feet | 16375.00 |
Tax Assessed Value | 718700.0 |
Waterfront Y/N | No |
Street Name | MONMOUTH |
Tax Annual Amount | 11858.0 |
Price Per Sq Ft | 204.52 |
Vacation Rental Y/N | No |
Virtual Tour | https://mls.homejab.com/property/9211-monmouth-ave-margate-city-nj-08402-usa |
Days on Market | 118 |
Standard Status | Active |
Year Built Source | Assessor |
Buyer Agent Compensation Type | % Of Gross |
Interior Features
Heating Fuel | Electric |
---|---|
Hot Water | Natural Gas |
Heating Y/N | Yes |
Street Suffix | AVENUE |
Central Air Y/N | No |
Exterior Features
Water Source | Public |
---|---|
Total Parking Spaces | 6 |
Type of Parking | Parking Lot |
Water View Y/N | No |
Building Area Total | 16375.00 |
Lot Dimensions | 131.00 x 125.00 |
Lot Size Acres | 0.38 |
Lot Size Units | Square Feet |
Lot Size Source | Assessor |
Land Assessed Value | 607700.00 |
Navigable Water Y/N | No |
Water Oriented Y/N | No |
LotDimensionsSource | Assessor |
Car Parking Spaces | 6 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool