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Off Market
1/8

821 W Bay Ave
Barnegat, NJ 08005


HIGHLIGHTS

  • Busy Street, .75 miles from GSP, 1 Commercial unit-2 Apartments, can be purchased with adjacent lot for 4.248 AC of development in Commercial Village

OVERVIEW

.298 AC lot with approximately 4300 sf 3 unit building with garage. Ground floor unit is commercial with approximately 1600 sq ft with 1 and 1/2 baths, a kitchen and a 1 car garage. All units currently rented. The other two units are as follows: Apt. A has approximately 1200 sf, 2 bedrooms and a bathroom. Apartment B has 3 bedrooms and 2 baths. It is approximately 1500 sq ft. Actual rents equal approximately $3,350 a month. Adjacent vacant lot APN: 01 00174-0000-00008-1: This lot consists of approx. 3.95 AC of undeveloped land with sewer access. This is available for $799,000. Combined with the subject lot, there is a total of 4.248 acres with 155 feet of frontage. CV (Commercial Village) zoning allows for a multitude of development opportunities just .75 miles from the Garden State Parkway. Note: properties to the E and W of these parcels may also be available for sale for a total of approximately 7.76 AC. and approx. 484 feet of frontage.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Residential, Medical

TOTAL BUILDING SIZE

4398

STORIES

2

YEAR BUILT

1960

SPRINKLERS

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PARKING SPACES

5

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

01-00174-0000-00009-01