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    705 W New York Ave Somers Point, NJ 08244

    View on Map
    Sponsored
    For Sale
    $999,900

    Commercial - Somers Point, NJ

    Property size:
    2,800 SF
    Days on Market:
    42
    Last Refresh:
    Mar 23 at 8:06 pm

    Property Features for 705 W New York Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Fire Alarm
    Rooms
    Basement
    Interior features
    Handicap Features, Restroom, Smoke/Fire Alarm, Storage
    Exterior features
    Fence
    Fencing
    Fenced
    Basement Y/N
    1
    Accessibility
    Accessible Approach with Ramp
    Size
    2,800 SF

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Ceiling Fan(s), Central Air, Zoned

    Building Details

    Year built
    1979
    Flooring type
    Concrete
    Building materials
    Block

    We can help!

    Listing Contact
    PATRICK DAVISH

    Keller Williams Realty Jersey Shore

    Listing agent PATRICK DAVISH License #1008911

    Listing date Feb 9, 2026

    MLS# 601050 Listing URL

    Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Turnkey Brewery in Somers Point

    A craft brewery in Somers Point, New Jersey, is available for purchase. The turnkey business benefits from exposure on Route 9 and accessibility from the Garden State Parkway. Located off the Somers Point bike path and across from Ocean City's 9th Street bridge, the brewery experiences foot and bike traffic. The sale includes the business, brand, real estate, equipment, and furnishings. The 2,800-square-foot building features a custom concrete bar with a 12-tap system, two public restrooms, a brewing system, a cold box, a grain room, and an office. The tasting room accommodates 30+ guests, and an outdoor patio provides additional seating. The property includes 10 off-street parking spaces, a dual-zone HVAC system, and a solar panel system with up to eight years of SREC credits. The brewery's revenue comes from its tap room, with potential for additional revenue streams. This is an opportunity to own a profitable business in a growing market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Somers Point Brewing ... Production Facility

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Somers Point
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.6035696
    Latitude
    39.3183292

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    FAQs

    What type of property is this?
    Brewery - Thriving craft brewery for sale near Ocean City.
    Where is this brewery located?
    The property is located at 705 W New York Ave Somers Point, NJ.
    What is the asking price?
    The asking price for this property is $999,900.
    What are key features of this property?
    This property features: - Turnkey craft brewery business, brand, real estate, equipment, and furnishings included in sale.; - Prime location with high visibility on Route 9, easy access to Garden State Parkway, and proximity to Somers Point bike path and Ocean City's 9th Street bridge.; - Spacious 2,800 sqft building with **custom concrete bar (12 taps)**, state-of-the-art brewing system, large cold box, grain room, and office.
    (609) 399-5454
    Request Owner's contact information
    705 W New York Ave Somers Point, NJ 08244
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    Somers Point, NJ 08244
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    705 W New York Ave Somers Point, NJ 08244
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    We can help!
    Listing Contact
    PATRICK DAVISH
    Real Estate License ID: 1008911
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