Versatile Retail/Workshop
For Sale
$350,000
63 E Bay Avenue, Manahawkin, NJ 08050
A flexible storefront building with prior garage and retail use, offering space to support a range of business concepts.
Property Size1,832 SF
Price / SF$191.05
Days on Market51
Property Features for 63 E Bay Avenue
General Information
Standard status
Active
Size
1,832 SF
Property subtype
Commercial
Listing Agency:
EXP REALTY
(866) 201-6210
Listed By:
JASON ECKERT
Source:
Corcoran
Added: Jun 16
Changed: Jul 10
Last Checked: Aug 5 at 6:13AM
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 EXP REALTY
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.6k | $21.60 |
| − Vacancy | −$2.2k | −$1.21 |
| EGI | $37.4k | $20.39 |
| − OpEx | −$11.2k | −$6.12 |
| NOI | $26.1k | $14.27 |
1,832 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$373.6K
$326.9K – $435.8K
NOI $26,149 @ 7.0% cap · market cap 7.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$478.4K
$418.6K – $558.1K
NOI $33,486 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
487
Businesses Nearby
55k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 66%
Hotels & Casinos 30%
Dining 4%
Wawa
Shops & Services
36,081 visits/mo
0.5 miles
Holiday Inn Manahawkin
Hotels & Casinos
16,244 visits/mo
0.5 miles
Jersey Mike's Subs
Dining
1,844 visits/mo
0.2 miles
Rita's Italian Ice
Dining
496 visits/mo
0.3 miles
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Peggy Ann The Girls Florist — 185 N Main St, Manahawkin, NJ 08050
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 Avenue 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
