168 Main StManasquan, NJ 08736

Property Details for 168 Main St

Year built

1923

Construction

BRICK

Lot size

0.23 AC

Property size (Sq ft)

11,100 SF

Zone code

B-1

Property type

Commercial real estate

APN

29 00062-0000-00007- 01

APU

290006200000000701

Description

This thriving Manasquan restaurant presents a fantastic investment opportunity. Located at 168 Main St, Manasquan, NJ 08736, this 2,500 square foot establishment boasts a prime location in Monmouth County. The business includes the lease, fixtures, furniture, and equipment, offering a truly turnkey operation. The restaurant features approximately 1,000 square feet on the main level dedicated to dining and kitchen space, supplemented by an additional 1,500 square feet of lower-level storage and prep area. The kitchen underwent a complete remodel in 2012 and is equipped with all necessary commercial appliances, included in the sale. The property benefits from a convenient parking lot located behind the building, with designated parking specifically for the owner/manager. The current lease has approximately five years remaining. Detailed financial information is available upon request, providing potential buyers with a comprehensive understanding of the business's performance and profitability. This is a rare chance to acquire an established, successful restaurant in a desirable New Jersey location. Don't miss this chance to own a piece of Manasquan's vibrant culinary scene.

• CAP approach

  CAP return

  Valuation

  6%

  $2,325,430

  6.5%

  $2,146,550

  7%

  $1,993,230

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,450,330

  Geo Method

  $1,450,330

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,145,140

  Retail / Commercial

  $2,141,450

  Mixed-Use / Specialty

  $2,146,300

  Hospitality / Lodging

  $1,590,920

  Office

  $2,146,550

  Institutional / Educational

  $2,235,750

  Residential Income

  $2,615,820

  Multifamily

  $3,068,070

  Automotive / Energy

  $1,916,350

  Parking / Income-Based Land

  $648,976

  Restaurant / Food Service

  $1,142,950

  Healthcare / Senior Housing

  $2,188,190

Location Insight

City

Manasquan

County

Monmouth

State

New Jersey

Latitude

40.1223

Longitude

-74.0486

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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