835 Bay Ave Barnegat Township, NJ 08005

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.