1221 East Shore Drive, Brigantine, NJ 08203 For Sale

Brigantine Waterfront Mixed-Use Development

Executive Summary

A rare, fully approved 3-lot waterfront assemblage offering immediate development and income

potential. Includes grandfathered mixed-use zoning, marina infrastructure, and residential flexibility.

Key Features

• Double lot with 10+ parking spaces

• Approved 3-story building (35’ x 60’)

• 10 large boat lifts with floating dock system

• 300+ ft new bulkhead (2025)

• Elevated site (~8’ above sea level)

• NJDEP, state, and local approvals completed

Use Potential

• Marina / marine service business

• Luxury residential waterfront build

• Mixed-use development

• Private boating club with membership model

Tax Advantages

• Accelerated depreciation via cost segregation

• Marine improvements depreciated over shorter schedules (15–20 years)

• Building depreciation (27.5 or 39 years)

• Riparian lease deductions

• Ideal for 1031 exchange buyers

Club Concept Opportunity

Potential for fractional ownership (1/10 shares) with private marina access, clubhouse, and boutique

restaurant/bar. Recurring revenue through memberships, service fees, and amenities.

Lot Configuration Notes

Lot 2 (R2 Residential) includes a NJDEP-related right-of-way easement. This may be positioned as a

protected buffer or integrated into a unified development plan if all lots are assembled.

Investment Highlights

• Fully entitled – 3–4 years of approvals completed

• Rare waterfront commercial zoning

• Immediate income potential + long-term upside

• Strong appeal to 1031 exchange investors, marina operators, and developers