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Property profile & analytics
OFF-MARKET
Commercial real estate

287 8th St Ship Bottom, NJ 08008-4604

2,032 SF 0.14 ac lot Built 1950
Entity Owned 17-yr Hold Free & Clear
Property ID
US59-2855348
Property summary
AI-generated overview

This exceptional mixed-use property, located at 287 W 8th St in Ship Bottom, NJ (08008), presents a unique investment opportunity. The 2,370 square foot building sits on a 0.14-acre lot and is zoned GC. The property boasts a beautifully designed first floor, currently configured as a fully furnished executive office space. This area includes a reception area, conference room, six workstations, and a full kitchenette with a separate entrance. High-end finishes such as crown moldings and pocket doors are featured throughout. Hardwood floors extend across the entire first floor, and the layout allows for potential subdivision via four separate exterior entrances. A second-floor, two-bedroom, one-bathroom apartment offers additional income potential or owner occupancy. This apartment features a deck and balcony, and enjoys abundant natural light. The meticulously maintained landscaping includes paver block driveways and walkways. The building is ideally situated on the westbound Long Beach Island causeway, offering high visibility and accessibility. While currently set up as two separate units, an interior stairway could easily reconnect the spaces. This property offers numerous possibilities for a savvy investor or business owner. Don't miss this chance to own a truly remarkable property in a prime location.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1950
Construction FRAME
Total area 2,032 SF
Lot 0.14 ac (6,000 SF)
Zoning code GC
APN 29 00109-0000-00020
UPID US59-2855348
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
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Studio 287 LLC · 17 yrs held
Studio 287 LLC
since 2009
7 recorded transactions
2009
Price N/A
2008
$633,750
2005
Price N/A
2002
$264,500
2000
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
GC · Ship Bottom, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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