Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    242 S Main St Barnegat, NJ 08005

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $825,000

    Freestanding 2,742 SF former bank on 2.93 acre parcel.

    Property size:
    2,742 SF
    Lot size:
    2.93 Acres

    Property Features for 242 S Main St

    General Information

    Size
    2,742 SF
    Lot size
    2.93 Acres

    Source: Pierson Commercial Real Estate Agent Jason Pierson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Freestanding Former Bank Building

    The property is a freestanding, former bank building with approximately 2,742 square feet of space, situated on a 2.93-acre parcel. It features over 500 feet of frontage and full access from Route 9, along with side access from Lower Shore Road. The location benefits from high visibility, with approximately 16,000 vehicles passing by daily on Route 9, also known as S Main Street. There is substantial parking available, with approximately 35 spaces. A large pylon sign is present on the property. The property will be deed restricted for 2 years against any financial institution. Wells Fargo Bank, N.A. will operate a separate ATM that will provide an immediate rental stream to the new owner.
    Insight Report Location Intelligence

    Current Use by Public Records

    Wells Fargo Bank Bank Wells Fargo ATM Atm Wells Fargo Advisors Investment Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Barnegat
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.228797
    Latitude
    39.7466149

    Nearby Similar for Sale

    • $599,900
      1,650 SF

      Barnegat Office Building For Sale

      Office building with 1650 SF space on 1.23 acres.
      492 N Main St, Barnegat, NJ 08005
      View Details
    • $450,000
      1,600 SF

      Barnegat Mixed-Use Property on 1.3 Acres

      Expanded ranch on 1.3 acres with commercial zoning.
      135 S Main St, Barnegat, NJ 08005
      View Details
    • $725,000
      2,816 SF

      Established Restaurant with Ice Cream Parlor

      Turnkey 70-seat restaurant with ice cream parlor in high-traffic area.
      688 E Bay Ave, Barnegat, NJ 08005
      View Details
    • $20,520,000
      105,149 SF

      Self-Storage and Office Business Center

      105,149 SF self-storage and office business center for sale.
      85 S Main St, Barnegat, NJ 08005
      View Details
    • $1,499,999

      Multi-Use Property on Route 9

      High-visibility property with commercial space, residence, and event venue.
      408 N Main St, Barnegat, NJ 08005
      View Details
    • $609,900

      Cape May Model in Heritage

      Well-maintained home in active adult community near amenities.
      64 Portland St, Barnegat, NJ 08005
      View Details

    FAQs

    What type of property is this?
    Bank - Freestanding 2,742 SF former bank on 2.93 acre parcel.
    Where is this bank located?
    The property is located at 242 S Main St Barnegat, NJ.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: - Immediate rental income stream from Wells Fargo ATM.; - High traffic location with approximately 16,000 vehicles passing daily.; - Substantial parking with +/- 35 spaces.
    (732) 707-6900
    Request Owner's contact information
    242 S Main St Barnegat, NJ 08005
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    242 S Main St
    Barnegat, NJ 08005
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    242 S Main St Barnegat, NJ 08005
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.