Versatile Retail/Workshop
For Sale
$350,000
Pending
63 E Bay Ave, Manahawkin, NJ
A flexible storefront building with prior garage and retail use, offering space to support a range of business concepts.
Property Size1,800 SF
Days on Market120
Property Features for 63 E Bay Ave
General Information
Standard status
Pending
Size
1,800 SF
Taxes and HOA fees
Annual Taxes
$6,702
Listing Agency:
Imperial Real Estate Agency
Listed By:
Moshe Rosenbaum · License #2298717
(732) 905-5511
Source:
Exprealty
Added: Jun 16
Changed: Oct 11
Last Checked: Oct 12 at 8:34PM
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 Imperial Real Estate Agency
Investment Insights
Based on property information with market context.
This property is a 1,832-square-foot commercial building that has been used previously as a garage and, most recently, as a retail store. The space offers a flexible layout suited to businesses looking for a ready-to-operate commercial footprint, with improvements and historical use that align well with light business activity and storefront retail needs.
Located at 63 E Bay Avenue in Manahawkin, New Jersey, the building sits along East Bay Avenue in Stafford Township within Ocean County. The seller’s remarks note it is just minutes from the Jersey Shore, which may support tenant interest for operators seeking a coastal-area customer draw.
For buyers and tenants, this configuration can fit retail users who want a dedicated street-facing commercial presence, as well as operators looking for a property with prior garage-to-retail adaptability. Because the building has already been used for both garage and retail purposes, it may be a practical option for entrepreneurs and growing businesses seeking a space they can tailor to their specific concept. For details on the current condition and what best fits your operating needs, schedule a private tour.
Located at 63 E Bay Avenue in Manahawkin, New Jersey, the building sits along East Bay Avenue in Stafford Township within Ocean County. The seller’s remarks note it is just minutes from the Jersey Shore, which may support tenant interest for operators seeking a coastal-area customer draw.
For buyers and tenants, this configuration can fit retail users who want a dedicated street-facing commercial presence, as well as operators looking for a property with prior garage-to-retail adaptability. Because the building has already been used for both garage and retail purposes, it may be a practical option for entrepreneurs and growing businesses seeking a space they can tailor to their specific concept. For details on the current condition and what best fits your operating needs, schedule a private tour.
Key Highlights
- 1,800+ sq. ft. commercial building on East Bay Avenue in Stafford Township, Ocean County
- Previously used as a garage and most recently as a retail store
- Flexible storefront layout suited for a range of business concepts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,692
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$513,840
$513.8K
Cap Rate 7%
$367,029
$367.0K
Cap Rate 9%
$285,467
$285.5K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$38.9K $21.60/SF
− Vacancy
−$2.2K −$1.21/SF
EGI
$36.7K $20.39/SF
− OpEx
−$11.0K −$6.12/SF
NOI
$25.7K $14.27/SF
Area
Ocean County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$513,840
Cap Rate 7%
$367,029
Cap Rate 9%
$285,467
Alternative Uses
Best Use
Retail
$367.0K
$321.2K – $428.2K
NOI $25,692 @ 7.0% cap · market cap 7.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$470.0K
$411.3K – $548.4K
NOI $32,901 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Storefront property - A flexible storefront building with prior garage and retail use, offering space to support a range of business concepts.
Where is this storefront property located?
The property is located at 63 E Bay Ave Manahawkin, NJ.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,800+ sq. ft. commercial building on East Bay Avenue in Stafford Township, Ocean County; Previously used as a garage and most recently as a retail store; Flexible storefront layout suited for a range of business concepts
