Date
Details
Price
Change
Source
2/06/2026
Listed
$1,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$1,500,000 Just Listed
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Property 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.
Full Property Details
Full Property Details for 1003 Ocean Terrace
General
- Price: $1,500,000
- Taxes: $30,580 (2025)
- Status: Active
- Type: Commercial Service
- Source: Monmouth
- MLS ID: 22603340
- Updated: 2/6/2026
- Added to Site: 2 day(s) ago
Business
- Name: Marathon Steak & Potato
- Business Type: Pizza, Restaurant
Interior
- Interior Features: Internal Loading, Refrigeration
- Flooring: Concrete, Tile
Additional Information
- Security/Safety: Fire Alarm, Fire Sprinkler System
Exterior
- Exterior Features: Lighting
Parking
- Garage: Yes
- Garage Spaces: 1
- Total Spaces: 1
- Parking Features: Off-Street, On-Street
Location
- Area: Seaside Heights (SEH)
- Municipality: Seaside Heights (SEH)
- County: Ocean
- Location Details: Commercial District
Community
- Management Type: Owner Association
Heating & Cooling
- Cooling Type: None
- Heating Type: None
Utilities
- Gas: On Site
- Dist. to Gas: On Site
- Sewer: Public Sewer
- Water: Public
Structural Information
- Exterior Const.: Block
- Roof: Flat, Asphalt
- Square Feet: 7,740
- Current Bldg. Use: Pizza, Restaurant
- Year Built: 1940
Lot Features
- Lot Size (Acres): 0.13
- Lot Size (Sq. Ft.): 5,662.8
- Lot Dimensions: 40 x 145.81
- Lot Features: Dead End Street, Oceanfront, Oceanside, Sidewalks, Beachfront, Corner Lot
- Zoning: Commercial, Mixed, Multi-Use
Water Features
- Water Front Type: Oceanside/Beach Blk
Financial Considerations
- Price Per Sq. Ft.: $193.8
- Assessment Amount: $2,253,500
- Tax Amount: $30,580
- Tax Year: 2025
- Owner Pays: Insurance
- Landlord Pays: Insurance
Disclosures and Reports
- Documents Avail.: Appraisal, Financial Statement, Lease
- Inclusions: Signs, Machinery, Inventory, Equipment/Furniture, Business Name
- Property ID: 27-00060-0000-00009
- Section: Seaside Heights
Listed by Childers Sotheby's Intl Realty, Jeffrey M Childers
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Listing agent
— 1003 Ocean Terrace —
Jeffrey M Childers
Childers Sotheby's Intl Realty
NMLS#: 1598647Get Pre-Approved Today
Price & Sales History for 1003 Ocean Terrace
Tax History
Tax History for 1003 Ocean Terrace
Year
Property Taxes
Change
Tax Assessment
Change
2024
$28,872
16%
$2,253,500
137%
2022
$24,865
—
$951,600
—
2022
$24,862
4%
$951,600
—
2021
$23,980
—
$951,600
—
2020
$24,037
7%
$951,600
—
2019
$22,411
-1%
$951,600
—
2018
$22,734
2%
$951,600
—
2017
$22,325
2%
$951,600
—
2016
$21,849
4%
$951,600
—
2015
$21,097
21%
$951,600
—
2013
$17,367
—
$951,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1003 Ocean Terrace
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1003 Ocean Terrace, Seaside Heights, NJ 08751 (MLS# 22603340) is a Commercial Service property. 1003 Ocean Terrace is currently listed for $1,500,000 and was received on February 06, 2026. Want to learn more about 1003 Ocean Terrace? Do you have questions about finding other Commercial Service real estate for sale in Seaside Heights? You can browse all Seaside Heights real estate or contact a Coldwell Banker agent to request more information.