Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    41 Pennsylvania Avenue Waretown, NJ 8758

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $950,000

    New marina with 29 slips, approved plans for two-story building.

    Type:Commercial
    Lot size:
    2.07 Acres
    Added:
    Feb 6, 2026
    Days on Market:
    56
    Last Refresh:
    Apr 1 at 8:51 pm

    Property Features for 41 Pennsylvania Avenue

    General Information

    Standard status
    Active
    Lot size
    2.07 Acres
    Property subtype
    Commercial

    We can help!

    Listing Contact
    WILLIAM ADESSO

    Listing agent WILLIAM ADESSO

    Listing office CHILDERS SOTHEBY'S INT REALTY

    Listing date Feb 6, 2026

    Source Corcoran

    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 CHILDERS SOTHEBY'S INT REALTY

    Overview

    New Marina Opportunity in Waretown

    This newly constructed marina in Waretown, New Jersey, offers 29 slips suitable for various watercraft. It is located minutes from Barnegat Bay and the Barnegat Inlet. The site has approved plans for a two-story building with a completed foundation. The ground level is designed for retail or office use, while the second level is approved for a 2-bedroom, 1-bath apartment. Newly installed floating docks provide easy boater access, and a concrete forklift pad ensures efficient vessel handling. The property is near Tices Shoal, Oyster Creek, and various dining options. Convenient access to the Garden State Parkway and Route 9 enhances accessibility for locals and tourists.
    Location Intelligence

    Current Use by Public Records

    Marinas

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Waretown
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.186
    Latitude
    39.794

    Nearby Similar for Sale

    • $950,000

      New Marina Opportunity Near Barnegat Bay

      New marina with slips and approved building plans.
      41 Pennsylvania Avenue, Waretown, NJ 08758
      View Details
    • $680,000
      672 SF

      Waretown Commercial Land Opportunity

      1.4-acre commercial land with approved building plans in Waretown.
      171 Main Street, Waretown, NJ 08758
      View Details
    • $350,000

      Waretown Commercial Land For Sale

      Prime 1.1-acre commercial land near Greenbriar Oceanaire entrance.
      356 Route 9, Waretown, NJ 08758
      View Details
    • $450,000
      2,434 SF

      Charming 1800s Multifamily Home

      Multifamily home with versatile layout, ideal for various uses.
      70 MAIN Street, WARETOWN, NJ 08758
      View Details
    • $110,000

      Buildable Lot in Waretown, NJ

      Spacious lot near shopping, dining, marinas, and Jersey Shore beaches.
      53 Bonita Road, Waretown, NJ 08758
      View Details
    • $450,000
      2,304 SF

      Charming Multifamily Home with Potential

      Versatile multifamily property with two kitchens and separate entrances.
      70 Main Street, Waretown, NJ 08758
      View Details
    • $350,000

      Land in Prime Location

      Over one acre of land near Greenbriar Oceanaire entrance.
      356 ROUTE 9, WARETOWN, NJ 08758
      View Details
    • $649,999
      1,628 SF

      Waterfront Land on Barnegat Bay

      Rare waterfront property to build your dream bayfront home.
      18 High Tide Drive, Waretown, NJ 08758
      View Details
    • $499,900

      Waterfront Lot in Waretown, NJ

      Waterfront lot with potential for a custom home or getaway.
      3 DOCK Avenue, WARETOWN, NJ 08758
      View Details
    • $499,900

      Waterfront Lot in Coastal Waretown

      Waterfront lot in Waretown, offering water views and endless potential.
      3 Dock Avenue, Waretown, NJ 08758
      View Details
    • $100,000

      Land For Sale, Waretown, NJ

      Land zoned for single family or commercial use.
      25 Bayberry Drive, Waretown, NJ 08758
      View Details
    • $1,495,000

      Waretown Marina with Boat Slips

      Marina with 130 slips, direct access to Barnegat Bay.
      76 Oregon, Waretown, NJ 08758
      View Details

    FAQs

    What type of property is this?
    Marina - New marina with 29 slips, approved plans for two-story building.
    Where is this marina located?
    The property is located at 41 Pennsylvania Avenue Waretown, NJ.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: Newly constructed marina featuring 29 slips, just minutes from Barnegat Bay and Inlet.; Approved plans and completed foundation ready for a two‑story building with commercial space and a 2‑bedroom apartment.; Newly installed floating docks provide easy boater access.
    (732) 341-2525
    We can help!
    Listing Contact
    WILLIAM ADESSO
    Learn More
    Request Owner's contact information
    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.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!