2 Main StBradley Beach, NJ 07720

Property Details for 2 Main St

Lot size

0.48 AC

Property size (Sq ft)

528 SF

Zone code

GB

Property type

Office properties

Property subtype

Other office properties

APN

08 00089-0000-00001- 03

APU

80008900000000103

Description

This exceptional 451-square-foot office condo, located at 2 Main Street in Bradley Beach, New Jersey (zip code 07720), presents a compelling investment opportunity. Currently leased to a chiropractic practice, generating passive income until Spring/Summer 2025, this property offers significant potential for future growth and diversification. The condo is zoned GB, allowing for a variety of uses beyond medical offices, including retail establishments such as grocery stores, pharmacies, personal service businesses, and restaurants. The asking price is $199,999, translating to $443 per square foot. Situated in the heart of Bradley Beach, within Monmouth County, this property benefits from a highly visible Main Street location and easy access to local amenities and transportation. Its versatility, strong rental history, and prime location make it an attractive prospect for investors seeking steady returns or those looking to establish a new business in a thriving coastal community. The property's central location and diverse permitted uses offer a unique blend of stability and future upside potential. This is a rare opportunity to acquire a well-situated commercial property in a desirable New Jersey coastal town.

• CAP approach

  CAP return

  Valuation

  6%

  $97,596

  6.5%

  $90,089

  7%

  $83,654

• Comparable approach

  Method

  Valuation

  Relative Method

  $68,988

  Geo Method

  $68,988

• Alternative Use

  Use

  Valuation

  Residential

  $111,710

  Hospitality

  $102,326

  Educational

  $85,134

  Medical

  $88,062

  Retail

  $132,431

Location Insight

City

Bradley Beach

County

Monmouth

State

New Jersey

Latitude

40.1968

Longitude

-74.0201

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].