74 Bay AveManahawkin, NJ 08050

  • Other commercial real estate
  • 2,175 SF
For Sale
$349,900 View listing

Property Details for 74 Bay Ave

Year built
1956
Construction
FRAME
Property size (Sq ft)
2,175 SF
Zone code
MU
Property type
Other commercial real estate
APN
31 00232-0000-00014
APU
3100232000000014

Description

This unique Manahawkin property, located at 74 E Bay Ave, presents a compelling investment opportunity. Situated minutes from Long Beach Island, this mixed-use building offers significant potential. Currently approved for first-floor commercial space and second-floor residential use, the zoning allows for flexibility and adaptability to suit a variety of business and living arrangements. The buyer has the option to apply for alternative usage permits, depending on their specific needs and vision for the property. The building's precise square footage is not currently specified, however, the property itself sits on a zero-acre lot. The asking price is $349,900, and the sale is strictly cash only. This is a rare chance to acquire a strategically located property in a high-demand area. The property's prime location near Long Beach Island offers exceptional visibility and accessibility, making it ideal for a range of commercial ventures. The residential component adds further value and potential rental income. Interested parties are encouraged to review the accompanying photographs for a comprehensive visual understanding of the property's condition and layout. This is a cash-only purchase, reflecting the immediate investment potential and the desirability of the location. Don't miss this chance to secure a valuable asset in a thriving coastal community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $560,690
    Hospitality
    $513,589
    Educational
    $427,300
    Medical
    $441,995
    Retail
    $664,688
74 Bay Ave, Manahawkin, New Jersey

Location Insight

City
Manahawkin
County
Ocean
State
New Jersey
Latitude
39.6943
Longitude
-74.2565
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
$5,996
$119,900
$134,800
$254,700
-
$119,900
$134,800
$254,700

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