Margate Investment and or Development Project!! Currently an Apartment complex consisting of 11 residential units. 10 one bedroom units and one efficiency. Laundry room on site and all units include a balcony and or porch. Electric heat paid by tenancy. Lease information available in associate documents. The complex sits on a lot 131 X125 close to bay and popular fine dining. Margate zoning officials have confirmed from a development perspective in WSD zone the permitted property developed allows for 7 townhomes with commercial below approximately 2000 square ft or possibly 5 single family homes @3200 square ft each. Use variance may be required for either. We recommend buyer reviews their plan with zoning. The location welcomes new construction and is an awe-inspiring opportunity in an extremely sought after location and trending neighborhood. Manifest your design strategy in Margate!
Property Details
Property Features
Property Information:
Year Built: 1955
Listing Office:
Office Name: FARLEY and FERRY REALTY, INC
Office Phone: (609) 822-1836
Exterior Features
Parking Information:
Attached Garage: No
Parking: Three or More Cars
Utilities
Utilities Information:
Heating: Electric
School Info
Assigned Schools Information:
Eugene A. Tighe Middle School, Public District Grades 5-8
William H. Ross III School, Public District Grades PK-4
Other
Directions Information:
Directions: Corner of Washington & Monmouth
Price Information
Listing Price Info
Price Summary:
List Price: $3,349,000
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Property Sales & Tax
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
8
/10
William H. Ross III School
101 N Haverford Ave
Distance between this listing and this school0.84 miles
Public District Grades PK-4
Middle School
5
/10
Eugene A. Tighe Middle School
7804 Amherst Ave
Distance between this listing and this school0.98 miles
Public District Grades 5-8
Assigned Schools
8
/10
William H. Ross III School
101 N Haverford Ave
Distance between this listing and this school0.84 miles
Public District Grades PK-4
Nearby Schools
7
/10
Ventnor Elementary School
400 N Lafayette Ave
Distance between this listing and this school1.47 miles
Public District Grades PK-4
6
/10
Seaview Elementary School
2013 Wabash Ave
Distance between this listing and this school3.67 miles
Public District Grades PK-4
Assigned Schools
5
/10
Eugene A. Tighe Middle School
7804 Amherst Ave
Distance between this listing and this school0.98 miles
Public District Grades 5-8
Nearby Schools
5
/10
Ventnor Middle School
Ventnor Educational Community
Distance between this listing and this school1.48 miles
Public District Grades 5-8
6
/10
Belhaven Middle School
51 Belhaven Ave
Distance between this listing and this school3.42 miles
Public District Grades 5-8
Nearby Schools
5
/10
Mainland Regional High School
1301 Oak Ave
Distance between this listing and this school3.50 miles
Public District Grades 9-12
2
/10
Atlantic City High School
1400 N Albany Ave
Distance between this listing and this school3.57 miles
Public District Grades 9-12
7
/10
Ocean City High School
501 Atlantic Ave
Distance between this listing and this school4.17 miles
The neighbors living near this home have an average income of $72,443. Residents of Atlantic County, NJ typically earn between $35k-100k each year. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
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This home is located at 9211 Monmouth Ave in Margate, NJ and zip code 08402. This home was built in 1955. It has been listed on Rocket Homes since November 16, 2023 and is currently priced at $3,349,000.
In March 2024, from all listings sold in Atlantic County, NJ there were more than 68 sold above asking price, over 132 sold below and more than 48 were sold right at the asked price. In March 2024 in Atlantic County, NJ there were 3.7% more homes for sale than in February 2024. The median list price of listings available in March 2024 was $336,577, while the average time on the real estate market was 48 days.
From Rocket Homes Real Estate and based on county public records data.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved. 
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Minor League Baseball Games
Stein Mart
Nordstrom Rack
New York & Company
Bonefish Grill
Chipotle
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Lincoln
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