$1,200,000
Under contractAbout this home
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.
Property details
- MLS
- SJSR
- MLS #
- 600279
- Property type
- Margate City
- Subdivision
- N/A
- Status
- Under contract
- Days on market
- 414
- On market date
- September 4, 2025
- Stories
- N/A
- Total bathrooms
- 1.5
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- N/A
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.
- Enrollment
- 197
- Student:teacher ratio
- 7.6:1
- District
- Margate City School District
- Enrollment
- 163
- Student:teacher ratio
- 7.1:1
- District
- Margate City School District
- Enrollment
- 1,213
- Student:teacher ratio
- 11.1:1
- District
- Mainland Regional High School
Walkability
Blended score for Margate's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in Margate, from live MLS data.
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Data source: Listing information provided by SJSR via Trestle/CoreLogic. Last updated January 27, 2026.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.