13 Main StBradley Beach, NJ 07720

Property Details for 13 Main St

Year built

1940

Lot size

0.09 AC

Property size (Sq ft)

760 SF

Zone code

O-P

Property type

Commercial real estate

APN

08 00082-0000-00014- 01

APU

80008200000001401

Description

This exceptional investment opportunity presents a 1-story, 750-800 square foot commercial building situated on a 3,900 square foot lot at 13 Main St, Bradley Beach, NJ 07720. Currently housing four units with five tenants, the property boasts 100% occupancy and a strong gross lease structure. The building generates substantial income with minimal expenses, offering a compelling 4.20% cap rate at an asking price of $525,900. Located in a prime downtown location near the Avon border, this Office-Professional zoned property presents significant redevelopment potential. The existing structure could be expanded, or a complete rebuild is feasible, allowing for a three-story building with mixed-use (residential and commercial) capabilities. This presents a unique chance to capitalize on both immediate cash flow and long-term appreciation through strategic development in a thriving Monmouth County location. The property is zoned for Office-Professional use.

• CAP approach

  CAP return

  Valuation

  6%

  $159,210

  6.5%

  $146,963

  7%

  $136,466

• Comparable approach

  Method

  Valuation

  Relative Method

  $99,301.60

  Geo Method

  $99,301.60

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $283,799

  Retail / Commercial

  $146,615

  Mixed-Use / Specialty

  $146,946

  Hospitality / Lodging

  $108,922

  Office

  $146,963

  Institutional / Educational

  $153,070

  Residential Income

  $179,092

  Multifamily

  $210,057

  Automotive / Energy

  $131,203

  Parking / Income-Based Land

  $44,432.50

  Restaurant / Food Service

  $78,251.20

  Healthcare / Senior Housing

  $149,815

Location Insight

City

Bradley Beach

County

Monmouth

State

New Jersey

Latitude

40.1973

Longitude

-74.0204

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].