Breakfast & Diner
For Sale
$659,900
688 E Bay Avenue, Barnegat, NJ 08005
Commercial Sale, Barnegat, NJ
Property Size2,816 SF
Lot Size0.22 Acres
Price / SF$234.34
Days on Market143
Property Features for 688 E Bay Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Rooms
Basement
Parking
20
Parking features
Parking Lot, Off Street
Security features
Security System
Interior features
Refrigeration
Exterior features
Lighting
Basement
Full
Subdivision
Barnegat
Lot features
Level, Sidewalks
Directions
Rte 9 to east on Bay ave to #688
Standard status
Active
APN
01-00250-0000-00024
Size
2,816 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10189
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Flooring type
Wood, Vinyl, Tile
Building materials
Concrete
Roof type
Shingle
Listing Agency:
Weichert Realtors-Ship Bottom
(609) 494-6000
Listed By:
Paul Metzger
(609) 618-9240
Added: May 26
Changed: Oct 9
Last Checked: Oct 15 at 6:06PM
MLS# 22615589
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,816-square-foot breakfast and diner property in Barnegat dates to 1920 and is being offered as real estate only. The existing building features concrete construction, vinyl, wood, and tile flooring, refrigeration, forced-air heat, central air, public water, public sewer, and a shingle roof. A basement, lighting, and both lot and off-street parking are also included.
A long-term lease is currently in place for the operating business. The property sits in downtown Barnegat near the public docks and bay beach. Municipal approvals are in place for a covered gazebo in the rear yard, creating the potential for additional seating and entertaining space.
A long-term lease is currently in place for the operating business. The property sits in downtown Barnegat near the public docks and bay beach. Municipal approvals are in place for a covered gazebo in the rear yard, creating the potential for additional seating and entertaining space.
Key Highlights
- 2,816‑square‑foot breakfast and diner property
- Real estate only with a long‑term lease in place
- 1920 construction with concrete exterior materials
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,065
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$861,300
$861.3K
Cap Rate 7%
$615,214
$615.2K
Cap Rate 9%
$478,500
$478.5K
Market Conditions
NOI Build-Up for 2,816 SF
Gross rent
$60.8K $21.60/SF
− Vacancy
−$3.4K −$1.21/SF
EGI
$57.4K $20.39/SF
− OpEx
−$14.4K −$5.10/SF
NOI
$43.1K $15.29/SF
Area
Ocean County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$861,300
Cap Rate 7%
$615,214
Cap Rate 9%
$478,500
Alternative Uses
Best Use
Specialty Retail
$615.2K
$538.3K – $717.8K
NOI $43,065 @ 7.0% cap · market cap 6.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$735.3K
$643.4K – $857.9K
NOI $51,472 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08005, NJ
25,814
Population
11,671
Households
2.2
Avg Household Size
49
Median Age
34%
College-Educated
94%
High-School Grad
53.5 sq mi
ZIP Area
483
Density / Sq Mi
$92,548
Median Household Income
$47,209
Median Earnings
$1,949
Median Rent
$356,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Suzy's Convenience Store & Deli — 455 N Main St B, Barnegat Township, NJ 08005
Frequently Asked Questions
What type of property is this?
Breakfast & diner - Income-producing restaurant real estate with a long-term lease and approved rear-yard expansion potential.
Where is this breakfast & diner located?
The property is located at 688 E Bay Avenue Barnegat, NJ.
What is the asking price?
The asking price for this property is $659,900.
What are key features of this property?
This property features: 2,816‑square‑foot breakfast and diner property; Real estate only with a long‑term lease in place; 1920 construction with concrete exterior materials
