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$999,000

Beds
8
Baths
8.5
sq ft
8,023

149-151 E Main St, Tuckerton, NJ 08087

149-151 E Main St

TUCKERTON, NJ 08087

  • 297 days on market
    • Price drop $101,000↓
Mixed use property, zoned for business and residential. Diverse income streams from multiple rental units - Potential for value appreciation in a growing market Don’t miss out on this fantastic opportunity to own a multi-family with commercial income property with excellent cash flow potential. Invest in your future with this outstanding property! This former well-known Tuckerton Bed & Breakfast establishment located in the Seaport Village Zone, comprises 8 bedrooms, 8 1/2 bathrooms, and spans over 8,000 square feet, complete with a spacious walk-up attic and sizable basement for storage purposes. There is so much income generating potential in this property, The impressive entrance foyer greets you warmly, showcasing its grand wooden staircase, guiding you into the grand parlor adorned with lofty ceilings, intricate moldings, and a fireplace. An expansive and inviting dining area awaits, while the well-equipped kitchen, a haven for the aspiring chef, boasts ample cabinets and counter space, ideal for hosting gatherings. Additionally, occupying the front section of the building is a versatile office or boutique rental space, that is currently rented. A spacious detached horse barn, presently serving as a garage and workshop, offers the potential for additional income-generating opportunities upon conversion. Outside, spacious & inviting grounds, multi-tiered decking, and a charming gazebo are enveloped by beautiful greenery, offering a serene setting. Abundant parking accommodates all guests with ease, with ample space available for future expansion. This property holds abundant promise for discerning buyers and entrepreneurs alike, with ample room for possible additions. Diverse income streams from multiple rental units - Don’t miss out on this fantastic opportunity to own a commercial income property with excellent location! Conveniently located within walking distance of downtown amenities, including the renowned Tuckerton Seaport offering ferry access to Long Beach Island, and the celebrated Lizzie Rose Music Room, as well as local shops and services. A brief drive leads to the sun-kissed shores of LBI and the vibrant nightlife of Atlantic City. Explore nearby historic treasures such as Smithville, Batsto Village, and the Noyes Art Museum, among other cultural attractions. Nestled in the pine barrens, Tuckerton offers a haven for nature enthusiasts, designated as a biosphere reserve boasting diverse species of birds and captivating white cedar bogs—an epitome of natural splendor. Note: Some images are from the previous listing. A list of recent improvements to the property is available.

Details

Property type

Single Family Residence

Est. home value

$1,018,463

Lot size

1.01 acres

Price per sq ft

$125

Year built

1823

Annual property taxes

$19,049

HOA

No

Price History

07/27/2024
Bright

Bright #NJOC2025804

Price change
$999,000
-9.18%
05/20/2024
Bright

Bright #NJOC2025804

Listed
$1,100,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Joseph Gartner And Gloria Gart

Loan start date

January 2004

Original loan amount

$500,000

Est. remaining balance

Not provided

Interest rate

6.03%

Loan type

Commercial

Seller

Larry Lauro and Catherine Lauro

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/04/2025 at 12:15 AM

Listing updated: 01/08/2025 at 8:30 AM

Listed by: Corinne Geiger, RE/MAX at Barnegat Bay - Manahawkin Phone #: (609) 978-4046

MLS: Bright #NJOC2025804

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