835 Bay Ave Barnegat Township, NJ 08005
- Self storage facilities
- 107,720 SF
- 4.71 lot acres
Current Use by Public Records
- Self storage facilities
Property Details for 835 Bay Ave
- Lot size
- 4.71 lot acres
- Property size
- 107,720 SF
- Property type
- Self storage facilities
Description
This exceptional investment opportunity presents a prime 4.71-acre parcel in Barnegat Township, NJ, zoned for a Class-A, two-story self-storage facility. The approved plans encompass 107,720 gross square feet (GSF) and 73,400 net rentable square feet (NRSF), housing an estimated 843 climate-controlled storage units. The project boasts a projected net operating income (NOI) of $1,238,424 and is offered at $2,400,000, resulting in a price per square foot of $169.05. Strategically located on Route 554, near Route 9, this high-visibility site benefits from 13,677 vehicles passing daily. The property's location serves a population of 55,294 within a 5-mile radius, exhibiting a strong demand for self-storage with only 5.2 square feet per capita currently available. The median household income within this radius is $98,875, indicating significant purchasing power. The development also includes four retail spaces, further enhancing revenue potential. This project offers a rare chance to capitalize on a high-demand market with substantial growth potential. The address is 835 W Bay Ave, Barnegat Township, NJ 08005.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Barnegat Township
- County
- Ocean
- State
- New Jersey
- Longitude
- -74.2363003
- Latitude
- 39.755877
