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Property profile & analytics
OFF-MARKET Estimated value $1,100,000
Commercial real estate

139 Faunce Lndg Rd Absecon, NJ 08201-1807

1.83 ac lot
Individually Owned 21-yr Hold ~ Est. High Equity
Property ID
US59-0037797
Property summary
AI-generated overview

This exceptional 1.83-acre waterfront property in Absecon, NJ, presents a rare investment opportunity. Located at 139 E Faunce Landing, the site boasts 38 existing boat slips, offering immediate income potential. A building currently equipped with a kitchen area is ideally suited for conversion into a restaurant or catering facility, further enhancing revenue streams. The property also includes a separate bait and tackle shop building. An above-ground fuel tank is situated on the premises. The expansive waterfront location provides stunning views of Atlantic City, and its proximity to the Brigantine Bridge (6 miles) ensures convenient access. Ample parking is available at the front of the property. The property is zoned R2 (Moderate-Density Residential District). This unique combination of marina, potential restaurant space, and boat storage makes this a highly desirable and versatile commercial property. The seller is offering a 2.5% concession to the buyer. This is a truly exceptional opportunity to acquire a thriving waterfront business or develop a unique commercial venture.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1.83 ac (79,715 SF)
Zoning code R2
APN 01 00164-0000-00009
UPID US59-0037797
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.10M
Owner & transaction history
Joseph Lopane · 21 yrs held
Joseph Lopane
since 2004
Last sale
$1.1M
4 recorded transactions
2004
$270,000
1988
$300,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
R2 · Absecon, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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