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20 BEACH TERRACE
About This Property
Positioned directly across from the main public beach and adjacent to the Colonial Beach Town Pier, this waterfront commercial lot offers one of the most visible and desirable locations in town. With constant foot traffic from beachgoers, pier visitors, and boardwalk activity, the setting provides the perfect foundation for a thriving coastal business.
Currently situated on the property is a small structure previously used as a concession stand, offering potential for renovation, seasonal use, or redevelopment depending on your vision.
The property is zoned Resort Commercial, allowing for a variety of by-right uses designed to complement Colonial Beach's vibrant waterfront district. Opportunities may include food and beverage concepts, retail, entertainment-oriented uses, or other tourism-focused ventures that benefit from the steady flow of visitors enjoying the beach, pier, and downtown boardwalk.
Located in the center of Colonial Beach's waterfront activity, this lot places your future business just steps from the sand, the fishing pier, restaurants, shops, and year-round community events that draw visitors from across the region.
Whether you're looking to establish a seasonal beachside concept or develop a signature waterfront destination, opportunities in this location are rarely available.
Property Highlights
• Waterfront commercial lot
• Adjacent to Colonial Beach Town Pier
• Directly across from the main public beach
• Located in the heart of the waterfront district
• Zoned Resort Commercial – multiple by-right commercial uses
• Existing small building previously used as a concession stand
• High visibility with strong pedestrian traffic
• Surrounded by beach, boardwalk, restaurants, and shops
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 1, 2026 | Price Decreased |
$499,999
↓ $1
(0%) | |
| Price Decreased | |||
| Mar 28, 2026 | Listed by Coldwell Banker Elite | $500,000 | |
| Listed by Coldwell Banker Elite | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017