10 Park AveStafford Township, NJ 08050

Property Details for 10 Park Ave

Property size (Sq ft)

480 SF

Zone code

MU

Property type

Office properties

Property subtype

Office buildings

APN

31 00144- 01-00016

APU

31001440100016

Description

This exceptional 5,400 square foot retail building, located at 10 Park Avenue in Stafford Township, New Jersey (zip code 08050), presents a compelling investment opportunity. Built just ten years ago, the property boasts a desirable mixed-use zoning designation, offering versatility for a range of commercial ventures. The building is comprised of three individual units, each featuring its own garage door, providing ample space and convenient access. A significant advantage is the inclusion of a handicap-accessible men's and women's restroom, ensuring compliance and inclusivity. Further enhancing its appeal is a one-bedroom efficiency apartment currently generating $1,200 per month in rental income. The building's design incorporates 16-foot-high doors, extending from front to back, allowing for easy loading and unloading. Essential utilities, including water and sewer, are readily available. A thoughtful rainwater management system utilizes roof water for recharge, promoting sustainability. Year-round comfort is ensured with central heating and air conditioning throughout. Security features include both interior and exterior security systems, complemented by a comprehensive camera network. The asking price for this meticulously maintained property is $1,295,000. This property's combination of features, location, and income potential makes it a truly unique opportunity. Don't miss out!

• CAP approach

  CAP return

  Valuation

  6%

  $108,105

  6.5%

  $99,789

  7%

  $92,661

• Comparable approach

  Method

  Valuation

  Relative Method

  $62,717

  Geo Method

  $62,717

• Alternative Use

  Use

  Valuation

  Residential

  $123,738

  Hospitality

  $113,344

  Educational

  $94,301

  Medical

  $97,544

  Retail

  $146,690

Location Insight

City

Manahawkin

County

Ocean

State

New Jersey

Latitude

39.6937

Longitude

-74.2571

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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