106-120 Boulevard

Seaside Heights, NJ 08751

$5,499,999
Commercial / Office

AGENTS

Douglas Elliman
Douglas Elliman

Property Description

This Ocean Block +/-35,000 parcel is prime to be redeveloped. Perfect mixed use site, in the Borough Re-development Zone AKA has the designation of an ''Area in Need of Redevelopment'' that affords the developer some Zoning Relief. Existing density, height and other requirements could be exceeded as recently approved on a similar property 2 blocks North of here. Developer could get tax abatements for future development and demo money for site prep. Go to docs tab for the survey. Presently a 36 unit Motel with 16 apartments and 20 motel rooms plus 2 managers apts. Walk to beach, boardwalk, rides, restaurants and shopping, Value is in the land for this ocean block parcel. Walk to beach, boardwalk, rides, amusements, restaurants and shopping. 1 Hr from NYC, Philly and AC off Pkwy Exit 82.
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PROPERTY DETAILS

  • Property Type
    Commercial / Office
  • MONTHLY REAL ESTATE TAX
    $5,524
  • ANNUAL REAL ESTATE TAX
    $66,284
  • MLS/Listing ID
    22201269
Listing Courtesy of Seaside Heights Realty Inc., Michael Loundy - (732) 330-6651