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Property profile & analytics
OFF-MARKET
Office Spaces

2 Main St Bradley Beach, NJ 07720-1059

528 SF 0.48 ac lot
Individually Owned 7-yr Hold Free & Clear
Property ID
US59-0808249
Property summary
AI-generated overview

This exceptional 451-square-foot office condo, located at 2 Main Street in Bradley Beach, New Jersey (zip code 07720), presents a compelling investment opportunity. Currently leased to a chiropractic practice, generating passive income until Spring/Summer 2025, this property offers significant potential for future growth and diversification. The condo is zoned GB, allowing for a variety of uses beyond medical offices, including retail establishments such as grocery stores, pharmacies, personal service businesses, and restaurants. The asking price is $199,999, translating to $443 per square foot. Situated in the heart of Bradley Beach, within Monmouth County, this property benefits from a highly visible Main Street location and easy access to local amenities and transportation. Its versatility, strong rental history, and prime location make it an attractive prospect for investors seeking steady returns or those looking to establish a new business in a thriving coastal community. The property's central location and diverse permitted uses offer a unique blend of stability and future upside potential. This is a rare opportunity to acquire a well-situated commercial property in a desirable New Jersey coastal town.

Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Total area 528 SF
Lot 0.48 ac (20,981 SF)
Zoning code GB
APN 08 00089-0000-00001- 03
UPID US59-0808249
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
Current use
Occupant on record · Public records
  • Danielle Restivo Physician
  • Dr. Gia Russo Physician
  • Dr. Michael Najar Alternative Medicine Practice
  • Current Rehab is a physical therapy Physician
  • Michelle E. Pires, DPT Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Patrick Keenoy · 7 yrs held
Patrick Keenoy
since 2019
1 recorded transaction
2019
$62,500
Zoning & alternative use
GB · Bradley Beach, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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