505 Main StStafford Township, NJ 08050

Property Details for 505 Main St

Construction

FRAME

Lot size

1.08 AC

Property size (Sq ft)

4,470 SF

Zone code

RB

Property type

Commercial real estate

APN

31 00296-0000-00106

APU

3100296000000106

Description

505 N Main Street, Manahawkin, NJ presents a remarkable opportunity for a single-tenant retail user. This brand-new, 4,950-square-foot building, completed in 2024, boasts a prime location along the Route 9 corridor in Ocean County. Its strategic placement directly across from a Wawa ensures high visibility and convenient access for customers. The property benefits from exceptional demographics, situated near Southern Regional School District (enrolling 2,850 students) and the Marine Academy of Technology and Environmental Science (with 274 students). This strong student population, coupled with the proximity to major national retailers such as Costco, Target, Walmart, Aldi, and Dick's Sporting Goods, creates a robust and attractive market for businesses. The versatile space is suitable for a variety of uses, including retail, office, medical, or restaurant establishments. This new construction offers a chance to establish a presence in a thriving commercial area with significant foot traffic and strong consumer spending potential. The building's modern design and convenient location make it an ideal choice for businesses seeking to capitalize on the area's growth and established retail environment. This is a rare opportunity to secure a high-profile space in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,140,950

  6.5%

  $1,053,190

  7%

  $977,960

• Comparable approach

  Method

  Valuation

  Relative Method

  $584,050

  Geo Method

  $584,050

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,985,750

  Retail / Commercial

  $1,035,460

  Mixed-Use / Specialty

  $1,045,300

  Hospitality / Lodging

  $784,525

  Office

  $1,053,190

  Institutional / Educational

  $1,091,530

  Residential Income

  $1,277,090

  Multifamily

  $1,456,640

  Automotive / Energy

  $935,596

  Parking / Income-Based Land

  $309,491

  Restaurant / Food Service

  $572,554

  Healthcare / Senior Housing

  $1,058,060

Location Insight

City

Manahawkin

County

Ocean

State

New Jersey

Latitude

39.7079

Longitude

-74.2518

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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