287 8Th StShip Bottom, NJ 08008

  • Other commercial real estate
  • 2,032 SF
For Sale
$995,000 View listing

Property Details for 287 8Th St

Year built
1950
Construction
FRAME
Lot size
0.14 AC
Property size (Sq ft)
2,032 SF
Zone code
GC
Property type
Other commercial real estate
APN
29 00109-0000-00020
APU
2900109000000020

Description

This exceptional mixed-use property, located at 287 W 8th St in Ship Bottom, NJ (08008), presents a unique investment opportunity. The 2,370 square foot building sits on a 0.14-acre lot and is zoned GC. The property boasts a beautifully designed first floor, currently configured as a fully furnished executive office space. This area includes a reception area, conference room, six workstations, and a full kitchenette with a separate entrance. High-end finishes such as crown moldings and pocket doors are featured throughout. Hardwood floors extend across the entire first floor, and the layout allows for potential subdivision via four separate exterior entrances. A second-floor, two-bedroom, one-bathroom apartment offers additional income potential or owner occupancy. This apartment features a deck and balcony, and enjoys abundant natural light. The meticulously maintained landscaping includes paver block driveways and walkways. The building is ideally situated on the westbound Long Beach Island causeway, offering high visibility and accessibility. While currently set up as two separate units, an interior stairway could easily reconnect the spaces. This property offers numerous possibilities for a savvy investor or business owner. Don't miss this chance to own a truly remarkable property in a prime location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $653,869
    Hospitality
    $598,940
    Educational
    $498,311
    Medical
    $515,449
    Retail
    $775,151
287 8Th St, Ship Bottom, New Jersey

Location Insight

City
Ship Bottom
County
Ocean
State
New Jersey
Latitude
39.652
Longitude
-74.1793
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
$4,857
$192,000
$266,600
$458,600
-
$192,000
$266,600
$458,600

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