835 Bay AveBarnegat Township, NJ 08005

Property Details for 835 Bay Ave

Lot size

4.71 AC

Property size (Sq ft)

107,720 SF

Property type

Other commercial real estate

Property subtype

Other land

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.

Location Insight

City

Barnegat Township

County

Ocean

State

New Jersey

Latitude

39.7559

Longitude

-74.2363

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