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117 Boulevard 4 Unit Apartment Building $2,422,980 CAD ($605,745 CAD/Unit) 6% Cap Rate Seaside Heights, NJ 08751
Investment Highlights
- Heavy foot traffic in the heart of the boulevard
- Existing business will only grow as hundreds of approved residential units are built around property
- Easy access via Route 37 and the Garden State Parkway.
- Sustainable off-season demand
- Prominent corner location at Lincoln Avenue and Boulevard in Seaside Heights.
- Three additional rentable spaces upstairs, including two income-generating apartments.
Executive Summary
This is your chance to buy this Seaside Heights staple that has evolved, survived and thrived the last twenty years! This turnkey restaurant is one of the few year round successes in seasonal Seaside Heights. Sitting on the corner of Lincoln the Boulevard, Ryan's Deli has significant curb appeal and a charming brick façade. Sale include business, building and equipment. Above the deli are three rentable spaces, including two rented apartments.
Property Facts
| Price | $2,422,980 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $605,745 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 6% | Building Size | 3,225 SF |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1940/1999 |
| Property Subtype | Apartment | Parking Ratio | 3.1/1,000 SF |
| Zoning | RB - RB Mixed-use residential business currently has a successful deli/restaurant and 2 studio apartments and a third storage space, all currently rented. | ||
| Price | $2,422,980 CAD |
| Price Per Unit | $605,745 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.08 AC |
| Building Size | 3,225 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1940/1999 |
| Parking Ratio | 3.1/1,000 SF |
| Zoning | RB - RB Mixed-use residential business currently has a successful deli/restaurant and 2 studio apartments and a third storage space, all currently rented. |
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 27-00010-0000-00001 | Improvements Assessment | $510,136 CAD |
| Land Assessment | $692,307 CAD | Total Assessment | $1,202,443 CAD |
Property Taxes
Parcel Number
27-00010-0000-00001
Land Assessment
$692,307 CAD
Improvements Assessment
$510,136 CAD
Total Assessment
$1,202,443 CAD
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