Property profile

705 New York Ave Somers Point, NJ 08244

OFF-MARKET
Other industrial properties
Property ID
US59-2131104
2,800 SF 0.26 ac lot Built 1979
Entity Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

This craft brewery property is located in Somers Point, New Jersey, with frontage and visibility along Route 9 and convenient access to the Garden State Parkway. The site is situated near the Somers Point bike path and across from the Ocean City 9th Street bridge, supporting foot and bike traffic. The brewery occupies a 2,800-square-foot building that includes a custom concrete bar with a 12-tap draft system, brewing equipment, cold box, grain room, an office, and two public restrooms. It features an indoor tasting room designed to seat more than 30 guests and includes an outdoor patio for additional seating. The property includes 10 off-street parking spaces, a dual-zone HVAC system, and a solar panel system with SREC credits for up to eight years. The premises are configured to operate as a tap room with potential for additional revenue-generating uses.

Property profile

Verified
Property type Other industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1979
Total area 2,800 SF
Lot 0.26 ac (11,252 SF)
Zoning code HC-1
APN 21 01422-0000-00002
UPID US59-2131104

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
  • Production Facility Brewery & Distillery

Location

705 New York Ave Somers Point, NJ 08244-1822
Somers Point metro Census 12802 ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2017
1 recorded transaction
2017
$225,000

Zoning & alternative use

HC-1 · Somers Point, NJ
Zoning description

Eating and drinking establishments shall be governed by the landscaping regulations of the HC-1 District, as contained in Article VIII , § 114-50 . B. Regulations governing motel and recreational sport facility uses: (1)…

General category COMMERCIAL

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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