505 Main St Stafford Township, NJ 08050
- Commercial real estate
- 4,470 SF
- 1.08 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 505 Main St
- Construction
- FRAME
- Lot size
- 1.08 lot acres
- Property size
- 4,470 SF
- Zone code
- RB
- Property type
- Commercial real estate
- APN
- 31 00296-0000-00106
- APU
- 3100296000000106
Description
505 N Main Street, Manahawkin, NJ presents a remarkable opportunity for a single-tenant retail user. This brand-new, 4,950-square-foot building, completed in 2024, boasts a prime location along the Route 9 corridor in Ocean County. Its strategic placement directly across from a Wawa ensures high visibility and convenient access for customers. The property benefits from exceptional demographics, situated near Southern Regional School District (enrolling 2,850 students) and the Marine Academy of Technology and Environmental Science (with 274 students). This strong student population, coupled with the proximity to major national retailers such as Costco, Target, Walmart, Aldi, and Dick's Sporting Goods, creates a robust and attractive market for businesses. The versatile space is suitable for a variety of uses, including retail, office, medical, or restaurant establishments. This new construction offers a chance to establish a presence in a thriving commercial area with significant foot traffic and strong consumer spending potential. The building's modern design and convenient location make it an ideal choice for businesses seeking to capitalize on the area's growth and established retail environment. This is a rare opportunity to secure a high-profile space in a highly desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $675,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $750,000
- 6.5%
- $665,000
- 7%
- $650,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $740,000
- Geo Method
- $580,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $780,000
- Retail
- $635,000
- Mixed-Use
- $620,000
- Hospitality
- $595,000
- Educational
- $645,000
- Residential Income
- $765,000
- Energy
- $595,000
- Income-Based Land
- $780,000
- Food Service
- $665,000
Location Insight
- Map
- Local Demand
- City
- Manahawkin
- County
- Ocean
- State
- New Jersey
- Longitude
- -74.2518
- Latitude
- 39.7079
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
