Ocean Avenue

Sea Bright, NJ 07760

$3,900,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Come see this 5-unit mixed use building set across the street from Iconic Donovan's Reef in the heart of lovely Sea Bright. With light cosmetic updates this property can be a cash cow. All 3 residential units were raised and restored post Sandy. Major re-development potential for the savvy investor. Retro-fit the current structure or re-build from the second deck up! Major value in the land and the location. Condo mix includes: 2 Store Fronts, 1 huge 1 bedroom apt (was a 2 bed), 1- 2 bedroom apt....Come see this 5-unit mixed use building set across the street from Iconic Donovan's Reef in the heart of lovely Sea Bright. With light cosmetic updates this property can be a cash cow. All 3 residential units were raised and restored post Sandy. Major re-development potential for the savvy investor. Retro-fit the current structure or re-build from the second deck up! Major value in the land and the location. Condo mix includes: 2 Store Fronts, 1 huge 1 bedroom apt (was a 2 bed), 1- 2 bedroom apt. and 1 - 3 bedroom apt.
  1. Listed by Rudolph Daunno • Daunno Realty Services
  2. Listed by Alexander Guarino • Daunno Realty Services

Property Details for Ocean Avenue

Zoning
Central Business, Mixed, Commercial
Directions
GPS 1142 Ocean Ave, Sea Bright
LISTING UPDATED: 09/13/2024 10:31 AM

Property Details for Ocean Avenue

StatusActive
MLS #22426703
Days on Market68
Taxes$8,740 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial / Mixed Use
Year Built-
Lot Size0.10 AC / 4,356 SF
CountyMonmouth County

Building Information for Ocean Avenue

Stories3Residences-Year Built-Lot Size0.10 AC / 4,356 SF

Property Information for Ocean Avenue

Summary
Location and General Information
  • Area/Section: None
  • Postal City: Sea Bright
  • State: NJ
  • Location: Business District, Other - See Remarks, Comm Distr
  • Municipality: Sea Bright (SEA)
  • Block: 11
Parking
  • Garage: Yes
  • Parking: Off Street, Reserved, Public Lot
  • # Car Garage: 2.0
Taxes and HOA Information
  • Tax ID#: 42-00011-0000-00001
  • Taxes: $8,740.00
  • Tax Year: 2023
Property
Lot Information
  • Acreage: 0.1
  • Lot: 1
  • Lot Dimensions: 60 x 75
  • Lot Description: Corner Lot, Oceanside, Oceanfront, Level
Property and Assessments
  • Assessment - Total: 1024700.0
  • Assessment - Improvements: 419800.0
  • Assessment Status: Assessed
  • Asmnt - Land: 604900.0
  • Possession: At Closing, Negotiable
  • Property Sub-Type: Mixed Use
Utilities
  • Water Heater: Natural Gas
  • Water Type: Oceanside/Beach Blk, Oceanview
  • Electric: Other - See Remarks
  • Gas: On Site
Interior and Exterior Features
Exterior Features
  • Roof: A-Frame, Timberline, Asphalt
  • Exterior: Fenced, Outside Storage, Fire Escape
Interior Features
  • # Levels: 3
  • Excluded: Nothing.
Multi Family
Income & Expenses Information
  • Income & Expenses: Financials Per: Year

Property History for Ocean Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near Ocean Avenue

This home is within Shore Regional High School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
Wolf Hill Elementary School
PublicPK to 4

Maple Place Elementary School
Public5 to 8

Shore Reg High School
Public9 to 12

Holy Cross Academy
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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Ocean Avenue is a mixed use property for sale in Sea Bright, NJ 07760. This property was listed for sale on September 13, 2024 by Daunno Realty Services, it's currently listed at $3,900,000. It has been on the market for a total of 68 days and was last sold on October 8, 2003. This listing's school districts are Shore Regional High School District, Oceanport School District. Nearby schools include Wolf Hill Elementary School, Maple Place Elementary School and Shore Reg High School. Ocean Avenue is a 0-bed, 0-bath, mixed use property.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Daunno Realty Services

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.