Property profile

59 Main St Manahawkin, NJ 08050

OFF-MARKET
Commercial real estate
Property ID
US59-0188111
2,033 SF Built 1910
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1910
Construction FRAME
Total area 2,033 SF
Zoning code NC
APN 31 00234-0000-00001
UPID US59-0188111

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store Specialty Food Shop
  • Theater & Performing Art Venue

Location

59 Main St Manahawkin, NJ 08050-2931
Manahawkin metro Census 735104 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2025
7 recorded transactions
2025
$750,000
2017
Price N/A
2014
$410,000
2012
$350,000
2003
$375,000
2002
$325,000
1969
Price N/A

Zoning & alternative use

NC · Manahawkin, NJ

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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