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Listed by Daniel Stecher • Marketplace Realty
$1,200,000
Est. payment /mo
3,123 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,123 sqft
Price per Sqft $384
MLS Listing ID NJAC2020600
Year Built 1920
Annual Tax Amount $6,475
Tax Year 2024
Lot Size 3,123 Sqft
Acres 0.07
Lot Dimensions 25.00 x 125.00
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Rare Mixed-Use Opportunity in the Heart of Margate! Located on a generous 125' x 25' lot in Margate's bustling retail district, this highly visible property offers an established local pizzeria/restaurant space plus a spacious upstairs apartment. The ground level features approximately 1,600 SF of restaurant space—currently operating as Jace's Place (formerly Jonuzi's Margate)—with prime frontage and consistent foot and vehicle traffic. Upstairs, the property includes a 3-bedroom, 1.5-bathroom apartment, complete with an office/bonus room and laundry area, offering excellent rental income or on-site living convenience. A large backyard with storage adds flexibility, with plenty of potential for restaurant expansion or outdoor dining. This is a unique chance to own not only a well-regarded local eatery but also the building and land in one of the shore's most desirable commercial corridors.
Location
State NJ
County Atlantic
Area Margate City (20116)
Zoning CBD
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Ceiling Fan(s), Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility 32\"+ wide Doors
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Margate City Schools
Others
Tax ID 16-00128-00077
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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