Bay Shore Plaza presents a prime retail investment opportunity in the thriving Manahawkin, Forked River submarket of Ocean County. This 57,523 square foot neighborhood strip center is anchored by a Big Lots and a McDonald's, the latter boasting the highest traffic in the local market. Three spaces are currently available, ranging from 1,200 to 2,700 contiguous square feet, with a minimum divisible space of 2,000 square feet. The center features a total of 12 suites and 7,100 square feet of vacant space ready for immediate occupancy. Ample parking is available for tenants and customers. Strategically located at the intersection of Rt 9 (North Main St) and Barnegat Blvd, Bay Shore Plaza benefits from high visibility and convenient access. Its proximity to the Garden State Parkway (GSP) and Route 72, coupled with its location near popular Long Beach Island vacation destinations, ensures a robust customer base, experiencing a significant seasonal increase of up to 100,000 people during summer months. This presents a unique opportunity for businesses seeking exposure to a large and diverse customer demographic. The property's strong anchor tenants and high-traffic location make it an ideal investment for both established businesses and new ventures.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$1,090,391
Hospitality
$998,792
Educational
$830,983
Medical
$859,562
Retail
$1,292,641
Location Insight
City
Barnegat
County
Ocean
State
New Jersey
Latitude
39.7687
Longitude
-74.2114
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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