A fully leased retail strip center near the beach in Seaside Heights has hit the market for $3.49 million, with potential for future residential redevelopment.
Seaside Heights, NJ – A beachside commercial property just steps from the ocean and boardwalk in Seaside Heights has been listed for sale for nearly $3.5 million.
The property at 1520 Boulevard is a 7,000-square-foot retail strip center currently 100% leased and situated on a 0.35-acre lot on the ocean block near the Ortley Beach border.
Key Points
• A 7,000-square-foot retail building at 1520 Boulevard is listed for $3.49 million
• The property is currently fully leased with multiple tenants including a laundromat and brewery
• Developers say the site could potentially support future residential redevelopment
Income-producing retail center
The one-story building currently houses three retail tenants, including a laundromat and a brewery, providing immediate rental income for a potential buyer.
The building was originally constructed in 1950 and includes 15 on-site parking spaces.
Potential redevelopment opportunity
Marketing materials highlight the site’s potential as a redevelopment opportunity due to its location on the ocean block just east of Route 35.
Developers say the property could potentially support construction of around a dozen townhomes, condominiums, or single-family homes, many of which could have ocean views.
Located near beach and boardwalk
The property sits within walking distance of the Seaside Heights beach, boardwalk, rides, and waterpark, making it a desirable location for both commercial and residential development.
Real estate listings note that new residential units nearby have recently sold for more than $1.3 million, reflecting the strong redevelopment activity taking place in the Seaside area.