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    OFF-MARKET
    Commercial real estate

    3845 Bayshore Rd, North Cape May, NJ 08204-3261

    42.05 ac lot
    Entity Owned 22-yr Hold Free & Clear
    Property ID
    US59-3138811
    Property summary
    AI-generated overview

    This exceptional retail opportunity presents 2,000 square feet of vacant space within the Bay Shore Shopping Center, located at 3845 Bayshore Rd, Cape May, NJ 08204. Situated on a 3-acre lot in Lower Township, Cape May County, this property offers significant potential for a variety of retail businesses. The entire shopping center encompasses 2,000 square feet of building space, currently fully available for lease. The property's classification includes both retail and land components, making it suitable for a range of development or expansion plans. The multiple tenancy structure allows for flexibility in lease terms and configurations. The property's strategic location in Cape May, a popular New Jersey coastal destination, provides excellent visibility and accessibility to a substantial customer base. Given the current vacancy, this presents a unique chance to establish a presence in a thriving commercial area. The property's size and location make it an attractive investment for entrepreneurs seeking a high-traffic retail space. Interested parties are encouraged to explore the possibilities this prime location offers. Further details regarding lease terms and conditions are available upon request. The property is conveniently located at 38.9748585 latitude and -74.9382961 longitude.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 42.05 ac (1,831,698 SF)
    APN 05 00741- 01-00028- 01
    UPID US59-3138811
    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
    • Gorman's Liquor Store (Bike/Boat/Book/etc) Store Wine and Liquor Store
    • The EtCetera Thrift Shop - North Cape May Discount Store
    • Bayshore Mall Shopping Center & Mall
    • Western Union Bank Credit Union
    • higi Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Bayshore Mall 1a LLC · 22 yrs held
    Bayshore Mall 1a LLC
    since 2004
    4 recorded transactions
    2010
    2004
    $8.0M
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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