Estimated payment $6,902/month
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.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,475 | $379,100 | $318,800 | $60,300 |
| 2024 | $6,475 | $379,100 | $318,800 | $60,300 |
| 2023 | $5,982 | $379,100 | $318,800 | $60,300 |
| 2022 | $5,982 | $379,100 | $318,800 | $60,300 |
| 2021 | $5,899 | $379,100 | $318,800 | $60,300 |
| 2020 | $5,868 | $379,100 | $318,800 | $60,300 |
| 2019 | $5,846 | $379,100 | $318,800 | $60,300 |
| 2018 | $5,925 | $379,100 | $318,800 | $60,300 |
| 2017 | $5,933 | $379,100 | $318,800 | $60,300 |
| 2016 | $5,732 | $379,100 | $318,800 | $60,300 |
| 2015 | $5,641 | $379,100 | $318,800 | $60,300 |
| 2014 | $5,535 | $379,100 | $318,800 | $60,300 |
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/24/2025 10/24/25 | Pending | -- | -- | -- |
| 09/04/2025 09/04/25 | For Sale | $1,200,000 | -- | -- |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $825,000 | Equity Plus Title | |
| Deed | $450,000 | Commonwealth Land Title Insu | |
| Deed | $756,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Interfamily Deed Transfer | -- | Liberty Title Agency | |
| Deed | $170,000 | Fidelity National Title Ins | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | $225,000 | -- |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $618,750 | New Conventional | |
| Previous Owner | $510,000 | Commercial | |
| Previous Owner | $567,000 | Commercial | |
| Previous Owner | $413,000 | Commercial | |
| Previous Owner | $170,000 | Commercial | |
| Previous Owner | $140,000 | Commercial |
Gerard Rosenberger brings over a decade of real estate experience and a lifetime of local knowledge to every client relationship. Born and raised in Margate, Gerard has deep roots in South Jersey and a proven track record across first homes, second homes, and investment properties.
As the owner of Marketplace Realty, Gerard has expanded his expertise beyond brokerage into property management and flipping and developing properties, giving him a unique understanding of zoning,
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Source: South Jersey Shore Regional MLS
MLS Number: 600279
APN: 16-00128-0000-00077
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