9211 MONMOUTH AVENUE, MARGATE CITY, NJ 08402

$3,349,000

Sq. Ft.: 16,375

Type: Commercial

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Listing #NJAC2010864

Listing Courtesy of: Farley & Ferry Realty Inc (609) 822-1836

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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!

Listing Courtesy of: Farley & Ferry Realty Inc (609) 822-1836

Property Features

Location Information

County: ATLANTIC

Municipality: MARGATE CITY

Latitude: 39.32499

Longitude: -74.51605

MLS Area: Margate City (20116)

Interior Features

Heating: Forced Air

Heating Fuel: Electric

Cooling: Ceiling Fan(s)

Exterior Features

Is New Construction: No

Septic or Sewer: Public Sewer

Water: Public

Lot Size in Acres: 0.38

Commercial/Industrial Type: Apartment Building

Approximate Net Sq. Ft.: 16,375

Additional Information

ListDate: 2024-01-04 00:00:00.0

Property SubType: Commercial Sale

Year Built: 1955

Status: Active

Tax Year: 2023

Tax Amount: $11,858

$ per month
Year Fixed. % Interest Rate.

Principal + Interest:	$
Monthly Tax:	$
Monthly Insurance:	$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

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BRIGHT(MRIS/Trend) data last updated at May 3, 2024 5:55 PM ET