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    FOR SALE
    Commercial real estate

    387 Main St, West Creek, NJ 08092

    1,937 SF 0.66 ac lot Built 1920
    Entity Owned 12-yr Hold ~ Est. High Equity
    Property ID
    US59-0551099
    Property summary
    AI-generated overview

    This exceptional mixed-use commercial property, located at 387 Main Street in West Creek, New Jersey (08092), presents a unique investment opportunity. Situated on a 0.66-acre lot directly on Route 9, this Class C property boasts 2,600 square feet of net rentable space, currently 100% occupied. The property comprises two units: a charming 3-bedroom, 1-bathroom ranch house and an 850-square-foot commercial building currently operating as a successful bait and tackle shop. The asking price is $495,000. The C2 zoning allows for a variety of commercial uses, making this property ideal for a professional office, construction business, or similar enterprise requiring storage space. The existing tenant provides immediate income potential, offering flexibility for investors to continue leasing or occupy the residential portion while benefiting from the rental income generated by the commercial unit. This versatile property offers significant potential for growth and return on investment, making it an attractive option for discerning buyers seeking a blend of residential and commercial income streams. The property is conveniently located in Ocean County, New Jersey.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1920
    Construction FRAME
    Total area 1,937 SF
    Lot 0.66 ac (28,800 SF)
    Zoning code C-2
    APN 09 00026-0000-00002
    UPID US59-0551099
    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
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Smith & Daley Associates LLC · 12 yrs held
    Smith & Daley Associates LLC
    since 2013
    4 recorded transactions
    2013
    $250,000
    2003
    $150,000
    1993
    $100,000
    1969
    Zoning & alternative use
    C-2 · West Creek, NJ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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