Mixed-Use Property with
For Sale
$1,700,000
706 Atlantic City Boulevard, Bayville, NJ 08721
Highway Business zoning allows a range of uses by right, including medical offices, restaurants, retail, and professional offices.
Property Size5,700 SF
Lot Size2.10 Acres
Price / SF$298.25
Days on Market171
Property Features for 706 Atlantic City Boulevard
General Information
Standard status
Active
Size
5,700 SF
Total Parking Spaces
35
Lot size
2.10 Acres
Property subtype
Commercial
Zoning
Highway Business
Additional Details
Road Access
Yes
Listing Agency:
EXP Realty
Listed By:
Samantha Schiabor · License #1973059
(866) 201-6210
Source:
Defelicerealtygroup
Added: May 19
Changed: Nov 4
Last Checked: Nov 5 at 7:15AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 706 Atlantic City Boulevard, this 5,700-square-foot mixed-use property includes an apartment on the upper level. The 2.1-acre site also has approximately 35 parking spaces.
The property is in Berkeley Township along the Route 9 corridor and is zoned Highway Business. Permitted uses by right include funeral homes, medical offices, assisted living, restaurants, retail, and professional offices.
The property is in Berkeley Township along the Route 9 corridor and is zoned Highway Business. Permitted uses by right include funeral homes, medical offices, assisted living, restaurants, retail, and professional offices.
Key Highlights
- 5,700‑square‑foot mixed‑use property with an upper‑level apartment
- 2.1‑acre site with approximately 35 parking spaces
- Highway Business zoning permits funeral homes, medical offices, assisted living, restaurants, retail, and professional offices by right
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,835
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,316,700
$1.3M
Cap Rate 7%
$940,500
$940.5K
Cap Rate 9%
$731,500
$731.5K
Market Conditions
NOI Build-Up for 5,700 SF
Gross rent
$119.7K $21.00/SF
− Vacancy
−$14.4K −$2.52/SF
EGI
$105.3K $18.48/SF
− OpEx
−$39.5K −$6.93/SF
NOI
$65.8K $11.55/SF
Area
Ocean County, NJ
Vacancy
12.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,316,700
Cap Rate 7%
$940,500
Cap Rate 9%
$731,500
Alternative Uses
Best Use
Mixed Use
$940.5K
$822.9K – $1.10M
NOI $65,835 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,187 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
Explore this area
Business Placement
Demographics for 08721, NJ
22,050
Population
9,343
Households
2.4
Avg Household Size
42
Median Age
28%
College-Educated
93%
High-School Grad
23.7 sq mi
ZIP Area
930
Density / Sq Mi
$104,361
Median Household Income
$54,594
Median Earnings
$1,595
Median Rent
$353,900
Median Home Value
Frequently Asked Questions
What type of property is this?
Mixed-use property - Highway Business zoning allows a range of uses by right, including medical offices, restaurants, retail, and professional offices.
Where is this mixed-use property located?
The property is located at 706 Atlantic City Boulevard Bayville, NJ.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 5,700‑square‑foot mixed‑use property with an upper‑level apartment; 2.1‑acre site with approximately 35 parking spaces; Highway Business zoning permits funeral homes, medical offices, assisted living, restaurants, retail, and professional offices by right
