1003 Ocean Terrace, Seaside Heights, NJ 08751

$1,500,000

Property Type: Commercial Square Footage: 7,740 Lot Size (sq. ft.): 5,663 Status: Active

Current Price: $1,500,000 List Date: 2/06/2026 Last Modified: 2/06/2026

Overview

Description

Directly on the north end of Seaside Heights Boardwalk! This building is in a high-foot traffic area with close proximity to Casino Pier & Breakwater Beach with plenty of parking around. Current restaurant has 3 years left on lease. Building connected w/ gas, electricity & water and has ANSUL and basement-level fire suppression system in place. New roof and signage installed in 2025. There is also a large basement with offices, three walk-ins, storage, prep kitchen, & storage with direct access loading bay. Located in the Resort Recreational Zone, the current structure can be used as is or expanded for best use possibilities.

Listing Details MLS# 22603340

Contract Info

Property Sub-Type: Commercial
Sale: Yes
Lease: No
List Price/SqFt: 193.8

Location

House Number: 1003
Street Name: Ocean
Street Suffix: Terrace
County: Ocean
Municipality: Seaside Heights (SEH)
Postal City: Seaside Heights
State: NJ
Zip Code: 08751
Area/Section: Seaside Heights
Directions: Corner of Sheridan Ave and Ocean Terrace.
Comm Distr: Yes

General Property Info

# Levels: 2
Apx SqFt: 7740
Apx Year Built: 1940
Garage: Yes
# Car Garage: Yes
# Parking Spaces: Yes
Acreage: 0.13
Lot Dimensions: 40 x 145.81
Business Name: Marathon Steak & Potato
Business Operating: Yes
Franchise: No

Tax and Legal

Asmnt - Total: 2253500
Taxes: 30580
Tax Year: 2025

Miscellaneous

# Docks: Yes

Income & Expenses

Insurance: 10000

More Information

Use

Pizza: Yes
Restaurant: Yes

Interior

Fire Alarm: Yes
Fire Sprinkler System: Yes
Internal Loading: Yes
Refrigeration: Yes

Zoning

Commercial: Yes
Mixed: Yes
Multi-Use: Yes

Lot Description

Beachfront: Yes
Corner Lot: Yes
Dead End Street: Yes
Oceanfront: Yes
Oceanside: Yes
Sidewalks: Yes

Water Type

Beach Front: Yes
Ocean Front: Yes
Oceanside/Beach Blk: Yes

Floors

Concrete: Yes
Tile: Yes

Electric

Other - See Remarks: Yes

Basement

Full: Yes
Tenant Access: Yes
Walk-Out Access: Yes

Gas

On Site: Yes

Seat Capacity

60 - 99: Yes

Cooling

None: Yes

Water Heater

Natural Gas: Yes
Tank: Yes

Heating

None: Yes

Water

Public Water: Yes

Sewer

Public Sewer: Yes

Exterior

Lighting: Yes
Loading Dock: Yes
Overhead Doors: Yes
Sign: Yes

Parking

Off Street: Yes
On Street: Yes

Assessment Status

Assessed: Yes

Construction/Siding

Block: Yes

Roof

Asphalt: Yes
Flat: Yes

Material

Block: Yes

Sale Includes

Signs: Yes

Sale Excludes

Business Name: Yes
Equipment/Furniture: Yes
Inventory: Yes
Machinery: Yes

Landlord Pays

Insurance: Yes

Documents Available

Appraisal: Yes
Financial Statement: Yes
Lease: Yes

Property Features

Location: Comm Distr; Comm Distr Use: Pizza; Restaurant Interior: Fire Alarm; Fire Sprinkler System; Internal Loading; Refrigeration Floors: Concrete; Tile Basement: Full; Tenant Access; Walk-Out Access Seat Capacity: 60 - 99 Cooling: None Heating: None Water Heater: Natural Gas; Tank Water: Public Water Sewer: Public Sewer Gas: On Site Electric: Other - See Remarks Exterior: Lighting; Loading Dock; Overhead Doors; Sign Parking: Off Street; On Street Roof: Asphalt; Flat Material: Block Sale Includes: Signs Sale Excludes: Business Name; Equipment/Furniture; Inventory; Machinery Zoning: Commercial; Mixed; Multi-Use Lot Description: Beachfront; Corner Lot; Dead End Street; Oceanfront; Oceanside; Sidewalks Water Type: Beach Front; Ocean Front; Oceanside/Beach Blk Landlord Pays: Insurance Assessment Status: Assessed Documents Available: Appraisal; Financial Statement; Lease

Listing Office: Childers Sotheby's Intl Realty

Listing Agent: Jeffrey M Childers

Last Updated: February - 06 - 2026

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth Ocean Regional REALTORS®, and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.