74 Bay Ave Manahawkin, NJ 08050-3174
- Commercial real estate
- 2,175 SF
Current Use by Public Records
- Commercial real estate
Property Details for 74 Bay Ave
- Year built
- 1956
- Construction
- FRAME
- Property size
- 2,175 SF
- Zone code
- MU
- Property type
- Commercial real estate
- APN
- 31 00232-0000-00014
- APU
- 3100232000000014
Description
This unique Manahawkin property, located at 74 E Bay Ave, presents a compelling investment opportunity. Situated minutes from Long Beach Island, this mixed-use building offers significant potential. Currently approved for first-floor commercial space and second-floor residential use, the zoning allows for flexibility and adaptability to suit a variety of business and living arrangements. The buyer has the option to apply for alternative usage permits, depending on their specific needs and vision for the property. The building's precise square footage is not currently specified, however, the property itself sits on a zero-acre lot. The asking price is $349,900, and the sale is strictly cash only. This is a rare chance to acquire a strategically located property in a high-demand area. The property's prime location near Long Beach Island offers exceptional visibility and accessibility, making it ideal for a range of commercial ventures. The residential component adds further value and potential rental income. Interested parties are encouraged to review the accompanying photographs for a comprehensive visual understanding of the property's condition and layout. This is a cash-only purchase, reflecting the immediate investment potential and the desirability of the location. Don't miss this chance to secure a valuable asset in a thriving coastal community.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $200,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $210,000
- 6.5%
- $220,000
- 7%
- $220,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $225,000
- Geo Method
- $235,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $195,000
- Retail
- $200,000
- Mixed-Use
- $215,000
- Hospitality
- $170,000
- Educational
- $165,000
- Residential Income
- $170,000
- Energy
- $200,000
- Income-Based Land
- $210,000
- Food Service
- $185,000
Location Insight
- Map
- Local Demand
- City
- Manahawkin
- County
- Ocean
- State
- New Jersey
- Longitude
- -74.2565
- Latitude
- 39.6943
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
