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$ 1,200,000
Est. payment | /mo
$ 1,200,000
Est. payment | /mo
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 600077
Style Commercial,Comm. w/Apartments,Restaurant
Annual Tax Amount $6,775
Tax Year 2025
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
Community Margate
Area Margate City
Location Details Business District,See Remarks
Interior
Interior Features Living Space Available, Restroom
Exterior
Exterior Feature Storage Building, Sign
Parking Features None
Roof Type Flat
Building
Story 2
Sewer Public Sewer
Water Public
Listed by MARKETPLACE REALTY
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