580 Main StBarnegat Township, NJ 08005

  • Commercial real estate
  • 4,230 SF

Property Details for 580 Main St

Year built
1975
Lot size
10.65 AC
Property size (Sq ft)
4,230 SF
Zone code
CPHD
Property type
Commercial real estate
APN
01 00196-0000-00005
APU
100196000000005

Description

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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$153,527
$1,640,100
$3,809,900
$5,450,000
-
$1,640,100
$3,809,900
$5,450,000

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