3845 Bayshore RdLower Township, NJ 08204
- Commercial real estate
- 42.05 AC
Property Details for 3845 Bayshore Rd
- Lot size
- 42.05 AC
- Property type
- Commercial real estate
- APN
- 05 00741- 01-00028- 01
- APU
- 500741010002801
Description
This exceptional retail opportunity presents 2,000 square feet of vacant space within the Bay Shore Shopping Center, located at 3845 Bayshore Rd, Cape May, NJ 08204. Situated on a 3-acre lot in Lower Township, Cape May County, this property offers significant potential for a variety of retail businesses. The entire shopping center encompasses 2,000 square feet of building space, currently fully available for lease. The property's classification includes both retail and land components, making it suitable for a range of development or expansion plans. The multiple tenancy structure allows for flexibility in lease terms and configurations. The property's strategic location in Cape May, a popular New Jersey coastal destination, provides excellent visibility and accessibility to a substantial customer base. Given the current vacancy, this presents a unique chance to establish a presence in a thriving commercial area. The property's size and location make it an attractive investment for entrepreneurs seeking a high-traffic retail space. Interested parties are encouraged to explore the possibilities this prime location offers. Further details regarding lease terms and conditions are available upon request. The property is conveniently located at 38.9748585 latitude and -74.9382961 longitude.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $600,109,000
- 6.5%
- $553,947,000
- 7%
- $514,379,000
-
Comparable approach
- Method
- Valuation
- Relative Method
- $239,330,000
- Geo Method
- $239,330,000
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $1,065,470,000
- Retail / Commercial
- $551,285,000
- Mixed-Use / Specialty
- $553,196,000
- Hospitality / Lodging
- $410,909,000
- Office
- $553,947,000
- Institutional / Educational
- $576,486,000
- Residential Income
- $674,489,000
- Multifamily
- $787,457,000
- Automotive / Energy
- $494,131,000
- Parking / Income-Based Land
- $166,689,000
- Restaurant / Food Service
- $295,994,000
- Healthcare / Senior Housing
- $563,317,000
Location Insight
- City
- North Cape May
- County
- Cape May
- State
- New Jersey
- Latitude
- 38.9753
- Longitude
- -74.9389
- CBSA code
- 36140
- CBSA name
- OCEAN CITY, NJ METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
FAQs
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