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$ 3,200,000
$ 3,349,000 4.4%
Est. payment /mo
Sold on 04/01/2025
9211 MONMOUTH AVE Margate City, NJ 08402
16,375 SqFt
UPDATED:
Key Details
Sold Price $3,200,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 16,375 sqft
Price per Sqft $195
MLS Listing ID NJAC2010864
Year Built 1955
Annual Tax Amount $11,858
Tax Year 2023
Lot Size 0.376 Acres
Property Sub-Type Five Or More Units
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!
Location
State NJ
County Atlantic
Area Margate City (20116)
Zoning WSD
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Ceiling Fan(s)
Exterior
Garage Spaces 6.0
Water Access N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Margate City Schools
Others
Special Listing Condition Standard
Listed by Mary Louise Ferry • Farley & Ferry Realty Inc
Bought with Mary Louise Ferry • Farley & Ferry Realty Inc
Bought with Mary Louise Ferry • Farley & Ferry Realty Inc