177 Main StEagleswood, NJ 08092

Property Details for 177 Main St

Construction

CONCRETE BLOCKS

Lot size

0.28 AC

Property size (Sq ft)

940 SF

Zone code

C-3

Property type

Commercial real estate

APN

09 00012-0000-00001

APU

900012000000001

Description

This exceptional 1.69-acre commercial property in West Creek, NJ, is listed at $1,499,000. Located on Route 9 with over 267 feet of frontage, this established marine and boat service business boasts a 50+ year history and a loyal customer base extending beyond the local community. The property includes a main building with retail space, a workshop, an office, and ample storage for parts and supplies, plus additional upstairs storage. All inventory, tools, machinery, trailers, motors, and Mercury parts are included in the sale. The parking lot has been recently paved. The property is situated in Zone X, outside the 100- and 500-year floodplains, offering peace of mind. This turnkey operation presents a unique opportunity for expansion or immediate operation within a thriving market. The property's prime location on US Highway 9 in West Creek, near Westecunk Creek and the bay, ensures high visibility and accessibility. This is a rare chance to acquire a well-established business with significant assets and a strong reputation. An aerial photo is available upon request. The Mercury franchise is available for acquisition separately from Mercury. The address is 177 Route 9 (main Street), West Creek, NJ 08092.

• CAP approach

  CAP return

  Valuation

  6%

  $328,618

  6.5%

  $303,339

  7%

  $281,672

• Comparable approach

  Method

  Valuation

  Relative Method

  $122,820

  Geo Method

  $122,820

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $577,780

  Retail / Commercial

  $300,085

  Mixed-Use / Specialty

  $302,012

  Hospitality / Lodging

  $225,478

  Office

  $303,339

  Institutional / Educational

  $315,042

  Residential Income

  $368,599

  Multifamily

  $425,465

  Automotive / Energy

  $270,036

  Parking / Income-Based Land

  $90,225.40

  Restaurant / Food Service

  $163,475

  Healthcare / Senior Housing

  $306,635

Location Insight

City

West Creek

County

Ocean

State

New Jersey

Latitude

39.633

Longitude

-74.3093

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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