Mixed-Use Property with Detached
146 N Main Street, Manahawkin, NJ 08050
For Sale
$619,000
Pending
NC-zoned property combines an operating business with a multi-bedroom residence.
Property Size2,034 SF
Days on Market59
Property Features for 146 N Main Street
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Mixed-Use Components
Currently Operating
Amenities
9-ft ceilings
large basement
long paved driveway
expansive rear parking area
detached 3-car garage with a full loft above
Building Details
Year Built
Buildings
Stories
Listing Agency:
Keller Williams Realty Central Monmouth
Listed By:
Sonja Wojcik · License #0893235
(732) 945-5253
Source:
Defelicerealtygroup
Added: Sep 12
Changed: Nov 7
Last Checked: Nov 8 at 9:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Central Monmouth
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Investment Insights
Based on property information with market context.
At 146 N Main Street in Manahawkin, this mixed-use property contains approximately 2,034 square feet and is currently used for both business and residential purposes. The first level includes a living room, dining area, kitchen, primary bedroom, and bath. Three more bedrooms occupy the upper floor, along with a bonus/recreation area; the property has 2.5 baths overall. Interior and site features include 9-foot ceilings, a basement, a paved driveway, and additional parking behind the building. A separate three-car garage has a full loft above it.
The property is zoned NC (Neighborhood Commercial) and is near Manahawkin Lake, Deer Lake Park, and local businesses. Long Beach Island beaches are a few minutes away.
The property is zoned NC (Neighborhood Commercial) and is near Manahawkin Lake, Deer Lake Park, and local businesses. Long Beach Island beaches are a few minutes away.
Key Highlights
- Approximately 2,034 square feet, with business and residential use
- NC (Neighborhood Commercial) zoning
- Four bedrooms and 2.5 baths across two floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,120
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$622,400
$622.4K
Cap Rate 7%
$444,571
$444.6K
Cap Rate 9%
$345,778
$345.8K
Market Conditions
NOI Build-Up for 2,034 SF
Gross rent
$61.0K $30.00/SF
− Vacancy
−$19.5K −$9.60/SF
EGI
$41.5K $20.40/SF
− OpEx
−$10.4K −$5.10/SF
NOI
$31.1K $15.30/SF
Area
Ocean County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$622,400
Cap Rate 7%
$444,571
Cap Rate 9%
$345,778
Alternative Uses
Best Use
Office B
$444.6K
$389.0K – $518.7K
NOI $31,120 @ 7.0% cap · market cap 5.03%
Second Best
Retail
$414.7K
$362.9K – $483.9K
NOI $29,032 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$531.1K
$464.7K – $619.6K
NOI $37,178 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
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Business Placement
Demographics for 08050, NJ
26,507
Population
14,182
Households
1.9
Avg Household Size
45
Median Age
39%
College-Educated
94%
High-School Grad
30.9 sq mi
ZIP Area
858
Density / Sq Mi
$115,456
Median Household Income
$60,458
Median Earnings
$1,756
Median Rent
$377,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Ocean County, NJ
Properties on Market for Mixed-use properties in Ocean County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - NC-zoned property combines an operating business with a multi-bedroom residence.
Where is this mixed-use property located?
The property is located at 146 N Main Street Manahawkin, NJ.
What is the asking price?
The asking price for this property is $619,000.
What are key features of this property?
This property features: Approximately 2,034 square feet, with business and residential use; NC (Neighborhood Commercial) zoning; Four bedrooms and 2.5 baths across two floors
