505 N Main St, Stafford Township, NJ 08050
- Commercial real estate
- 4,470 SF
- 1.08 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 505 N Main St
- Construction
- FRAME
- Lot size
- 1.08 lot acres
- Zone code
- RB
- Property type
- Commercial real estate
- APN
- 31 00296-0000-00106
- APU
- 3100296000000106
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 24, 2023 | $670,000 | 505 North Main Street LLC | Comcast Of New Jersey LLC | Bargain And Sale Deed | — |
| Jan 22, 2001 | $334,170 | Comcast Cablevision Of Nj LLC | Dorellenic | Grant Deed | — |
Description
505 N Main Street, Manahawkin, NJ presents a remarkable opportunity for a single-tenant retail user. This brand-new, 4,950-square-foot building, completed in 2024, boasts a prime location along the Route 9 corridor in Ocean County. Its strategic placement directly across from a Wawa ensures high visibility and convenient access for customers. The property benefits from exceptional demographics, situated near Southern Regional School District (enrolling 2,850 students) and the Marine Academy of Technology and Environmental Science (with 274 students). This strong student population, coupled with the proximity to major national retailers such as Costco, Target, Walmart, Aldi, and Dick's Sporting Goods, creates a robust and attractive market for businesses. The versatile space is suitable for a variety of uses, including retail, office, medical, or restaurant establishments. This new construction offers a chance to establish a presence in a thriving commercial area with significant foot traffic and strong consumer spending potential. The building's modern design and convenient location make it an ideal choice for businesses seeking to capitalize on the area's growth and established retail environment. This is a rare opportunity to secure a high-profile space in a highly desirable location.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $675,000
- ML approach
- $690,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $860,000
- 6.5%
- $795,000
- 7%
- $740,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $675,000
- AI Estimate
- $430,000
Market price range: $676k - $1.46MMarket price range: $295k - $963k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $955,000 Current use
- OFFICE BUILDING
- $1,065,000 Change: +11% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Manahawkin
- County
- Ocean
- State
- New Jersey
- Longitude
- -74.2518
- Latitude
- 39.7079
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
