Barnegat Retail Investment
688 E Bay Avenue, Barnegat, NJ 08005
New
Established business with expansion potential in downtown Barnegat.
Type:Commercial
Property size:
2,816 SFPrice / SF:
$248/SF- Added:
- May 27, 2026
- Days on Market:
- 5
- Last Refresh:
- May 27 at 7:27 am
Property Features for 688 E Bay Avenue
General Information
- Standard status
- Active
- Size
- 2,816 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1920
Listing agent PAUL METZGER
Listing office WEICHERT REALTORS-SHIP BOTTOM (609) 494-6000
Listing date May 27, 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 WEICHERT REALTORS-SHIP BOTTOM
HighLights
- Well‑established, successful business with favorable long‑term lease in place provides immediate investment income.
- Prime location in a high‑traffic area of Downtown Barnegat, near public docks and bay beach.
- Town approvals in place for expansion, including a covered gazebo for additional seating and entertaining.
- Classic building represents a cherished piece of Barnegat history.
- Real Estate Only - Investment opportunity.
- Built in 1920.
Overview
This commercial property, situated in a high-traffic area of downtown Barnegat, presents an investment opportunity. The property is currently operating as a well-established and successful business with a favorable long-term lease. The building itself is described as a classic structure and a part of Barnegat history. Town approvals are in place to expand into the rear yard, allowing for a covered gazebo to provide additional seating and entertaining space. The property's location offers close proximity to the public docks and bay beach. The property size is 2816 square feet. This property is for sale.
Local 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 | $60.8k | $21.60 |
| − Vacancy | −$3.4k | −$1.21 |
| EGI | $57.4k | $20.39 |
| − OpEx | −$17.2k | −$6.12 |
| NOI | $40.2k | $14.27 |
2,816 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$574.2K
$502.4K – $669.9K
NOI $40,194 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$735.3K
$643.4K – $857.9K
NOI $51,472 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Sweet Jenny's
Restaurant
Touch Of Elegance
Take-out & Catering
Location Insight
- Map
- Local Demand
- City
- Barnegat
- County
- Ocean
- State
- New Jersey
- Longitude
- -74.2222674
- Latitude
- 39.7528951
Nearby Similar for Sale
FAQs
What type of property is this?
Storefront property - Established business with expansion potential in downtown Barnegat.
Where is this storefront property located?
The property is located at 688 E Bay Avenue Barnegat, NJ.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Well‑established, successful business with favorable long‑term lease in place provides immediate investment income.; Prime location in a high‑traffic area of Downtown Barnegat, near public docks and bay beach.; Town approvals in place for expansion, including a covered gazebo for additional seating and entertaining.
