535 US Highway 9 - Restaurant FOR SALE


Waretown, NJ 08758
$1,750,000 USD
732-531-4200
535 US Highway 9, Waretown, NJ for Sale
$1,750,000 USD
Restaurant - FOR SALE
1/1
null | Request Cap Rate

535 US Highway 9
Waretown, NJ 08758


HIGHLIGHTS

  • Prime Commercial Opportunity.
  • Town Center Redevelopment District.
  • Visible Highway Location.
  • Real Estate Play -1.15 Acres
  • Jersey Shore Lifestyle Appeal.

OVERVIEW

Located along the vibrant Route 9 corridor in the heart of Waretown, this property offers a remarkable investment opportunity within one of Ocean County's most sought-after Jersey Shore destinations. Its excellent visibility, substantial traffic volume, and versatile potential make it an attractive option for restaurateurs, investors, or developers eager to leverage the area's increasing popularity. This prime location not only promises high exposure but also presents numerous possibilities for commercial development, catering to the growing demand in the region. Whether aiming to establish a new restaurant, retail outlet, or other commercial enterprise, this property stands out as a strategic choice for those seeking to capitalize on the area's dynamic growth and high visitor traffic. Prime High-Traffic Location - Situated directly on Route 9 with excellent exposure, adjacent to the Barnegat Branch Rail Trail and near the exciting redevelopment of Waretown Town Center.Jersey Shore Lifestyle Appeal - Just minutes from Barnegat Bay, marinas, beaches, and the Garden State Parkway – ideal for year-round operation with strong seasonal tourism boosts from Long Beach Island visitors and locals alike. Town Center Redevelopment District - Endless possibilities: continue as a restaurant/bar, transform into a brewery, event venue, retail space, or mixed-use development in this thriving coastal community. The goal of the Waretown Town Center Redevelopment Plan is to promote the development of a compact, pedestrian oriented Town Center with the potential for 24-hour activity, consisting of retail and employment facilities, vibrant and dynamic mixed-use areas, open space and recreation facilities, and residential living environments that provide a broad range of housing types for an array of housing needs.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$159 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,094 SF

ZONING

TC

APN/PARCEL ID

21-00041-0000-00039-02

ASK ABOUT THIS PROPERTY

Richard SantoreBielat Santore & CompanyMore Info
732-531-4200

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Richard SantoreBielat Santore & CompanyMore Info
732-531-4200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.