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Ram Bala

ram.bala@kw.com +1(703) 403-5338

$ 3,349,000

Est. payment -/mo

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Pending

9211 MONMOUTH AVE Margate City, NJ 08402

16,375 SqFt

UPDATED:

08/14/2024 07:58 AM

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Pending

Purchase Type For Sale

Square Footage 16,375 sqft

Price per Sqft $204

MLS Listing ID NJAC2010864

Originating Board BRIGHT

Year Built 1955

Annual Tax Amount $11,858

Tax Year 2023

Lot Size 0.376 Acres

Acres 0.38

Lot Dimensions 131.00 x 125.00

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)

Heat Source Electric

Exterior

Garage Spaces 6.0

Waterfront N

Water Access N

Accessibility Ramp - Main Level, 2+ Access Exits

Parking Type Parking Lot

Total Parking Spaces 6

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Margate City Schools

Others

Tax ID 16-00426-00021

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Listed by Mary Louise Ferry • Farley & Ferry Realty Inc

Ram Bala

Agent | License ID: 0225064126

+1(703) 403-5338

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Ram Bala

Ram Bala

9211 MONMOUTH AVE Margate City, NJ 08402

Key Details

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9211 MONMOUTH AVE