Property summary
This exceptional mixed-use property at 59 N Main Street, Manahawkin, NJ, presents a unique investment opportunity. Boasting 2,784 square feet, this historic building enjoys a prime location directly across from Manahawkin Lake Park and situated on the corner of Route 9, just two blocks north of Route 72, ensuring high visibility and excellent foot traffic. The ground floor currently houses a fully operational ice cream store, representing a strong existing income stream (separate business sale opportunity available). Upstairs, a one-bedroom apartment offers versatile space, easily adaptable to office use or a cafГ©, expanding revenue potential. The property includes ample parking for twelve or more vehicles, a significant advantage in this busy area. Recent improvements include a new roof and a new porch, minimizing immediate maintenance needs. Additional storage space is conveniently located in both the basement and a walk-up attic. This property offers a blend of established business and flexible space, making it an ideal investment for both seasoned entrepreneurs and those seeking a profitable venture in a desirable location. The combination of high visibility, ample parking, and versatile space makes this a truly exceptional opportunity.
Property profile
VerifiedCap rate & NOI
Current use
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Grocery & Convenience Store Specialty Food Shop
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Theater & Performing Art Venue
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
NC · Manahawkin, NJZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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