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    Mixed-use properties

    759 Route 9, Berkeley Township, NJ 08721

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    Property summary
    AI-generated overview

    This exceptional mixed-use property, located at 759 Route 9 in Bayville, New Jersey (08721), presents a unique investment opportunity. Priced at $750,000, this completely renovated building sits on a 0.17-acre lot and offers a versatile layout ideal for a variety of commercial and residential uses. The main level, previously a day spa and beauty bar, boasts an open concept design with new flooring, an office, a stylish reception area featuring quartz countertops, a coffee nook, a bar sink, a climate-controlled refrigerator, and a fully renovated half bath. Upstairs, five fully renovated rooms with soundproof interior walls, three blown-glass chandeliers, a hallway vanity and sink, and a laundry chute add to the property's appeal. A fully renovated basement includes a new staircase and lighting, sealed floors, a laundry room, an additional office, a new kitchenette with granite countertops, a renovated open multipurpose area, and a new fire-safe egress window. Exterior improvements include a newly sealed driveway and parking lot, new landscaping, a new paver walkway, a 10'x14' patio with pergola, and new front and rear entrances. Enhanced security is provided by a new Alula alarm and camera system throughout the interior and exterior. The property is zoned for both residential and commercial use, making it suitable for a variety of business ventures or a combined home/office setup. This turnkey property is ready for immediate occupancy and offers significant potential for return on investment.

    Property profile
    Verified
    Property type Mixed-use properties
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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