9211 Monmouth Avenue Margate City, NJ ^$ 3,349,000

9211 Monmouth Avenue

^$ 3,349,000

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9211 Monmouth Avenue

Margate City, NJ, 08402

^$ 3,349,000

Studio Baths0.0 Sq 16,375

Monthly Estimate*

^$ 23,394

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Studio

Commercial Property for sale in Margate City, NJ

for $3,349,000. This 16,375 square foot building was built in 1955 on a lot size of 0.38.

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!

Commercial Active

Price

^$ 3,349,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 11,858

Style

Apartment Building

Lot Size

0.38

Year Built

1955

Town/City

Margate City

County/Region

Atlantic

MLS | Web ID

NJAC2010864

Features

Interior

Heating Fuel Electric

Hot Water Natural Gas

Heating Y/N Y

Street Suffix AVENUE

Central Air Y/N N

General

Sewer Public Sewer

Heating Forced Air

Cooling Ceiling Fan(s)

Possession Settlement

Zoning WSD

Construction Materials Stucco

Year Built 1955

Property SubType Five Or More Units

Tax Year 2023

Percent Ownership Fee Simple

Cool Fuel Electric

Municipality MARGATE CITY

Business Type Apartment Building

Accessibility Ramp - Main Level 2+ Access Exits

County ATLANTIC

New Construction N

Property Type Commercial Sale

Possible Use Investment Development Residential

Water Access Y/N N

Status ACTIVE

Directions Corner of Washington & Monmouth

City MARGATE CITY

Buyer Agent Compensation 3

Total Units 0

MLS Area Margate City (20116)

Lot Size Square Feet 16375.00

Waterfront Y/N N

Street Name MONMOUTH

Tax Annual Amount 11858.0

Price Per Sq Ft 204.52

Vacation Rental Y/N N

Virtual Tour https://mls.homejab.com/property/9211-monmouth-ave-margate-city-nj-08402-usa

Days on Market 118

Standard Status Active

Year Built Source Assessor

Buyer Agent Compensation Type % Of Gross

Exterior

Water Source Public

Type of Parking Parking Lot

Water View Y/N N

Building Area Total 16375.00

Lot Dimensions 131.00 x 125.00

Lot Size Acres 0.38

Lot Size Units Square Feet

Lot Size Source Assessor

Land Assessed Value 607700.00

Navigable Water Y/N N

Water Oriented Y/N N

Internal Only

Street Number 1 9211

* Excluded Features

List By

Farley & Ferry Realty Inc

Broker

farleyandferry@aol.com

Affordability Calculator

$24,382

Per Month

Monthly Principal & Interest: $23,394
Monthly Property Taxes: $988
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Margate City, NJ

Average List Price ^$3,224,500

Percent of Sale Price 4%

About Margate City, NJ

5,308 Population

-35% Since 2002

^$68,398 Median Income

56.24 Median Age

13% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2136830 Elementary School

2137124 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/3/2024	$3,349,000	-1.47%	Price Down
1/5/2024	$3,399,000		Listed Price

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9211 Monmouth Avenue, Margate City, NJ, 08402 is a Commercial Property for sale at $3,349,000 with 16,375 sqft and a lot size of 0.38. 9211 Monmouth Avenue is a studio with 0.0 baths and was built in 1955. The property's zip code is 08402 which is in Margate City, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BrightMLS Broker Reciprocity^SM program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Weichert, Realtors® participates, and is provided by BrightMLS through a licensing agreement.

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9211 Monmouth Avenue

Commercial Property for sale in Margate City, NJ

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