1899 Bayshore RdLower Township, NJ 08251
- Retail properties
- 0.67 AC
Property Details for 1899 Bayshore Rd
- Construction
- BRICK
- Lot size
- 0.67 AC
- Zone code
- GB
- Property type
- Retail properties
- Property subtype
- Banks
- APN
- 05 00297-0000-00006
- APU
- 500297000000006
Description
This exceptional 3,000 square foot retail space, located at 1899 Bayshore Road in Lower Township, New Jersey, presents a unique investment opportunity. The property boasts a single-tenant occupancy, offering complete control and flexibility for the new owner. Currently vacant, this expansive space is ready for immediate occupancy and customization. Its previous use as a bank provides a significant advantage, featuring a pre-existing drive-thru, a highly desirable feature for many retail businesses. The building's substantial size allows for a wide range of potential uses, catering to various business models. Situated in Cape May County, the property benefits from a strategic location within a thriving community. The address, 1899 Bayshore Road, 08251, offers excellent visibility and accessibility, ensuring high foot traffic and convenient customer access. The property's ample square footage, combined with the existing drive-thru, makes it an ideal location for a variety of retail concepts, from banks and pharmacies to convenience stores and fast-food establishments. This is a rare chance to acquire a well-positioned, ready-to-occupy retail space in a desirable New Jersey location. The property is zoned for commercial use and offers significant potential for a strong return on investment. Serious inquiries are encouraged to explore this exciting opportunity further.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $12,344,543
- 6.5%
- $11,394,963
- 7%
- $10,581,037
-
Comparable approach
- Method
- Valuation
- Relative Method
- $9,565,096
- Geo Method
- $9,565,096
-
Alternative Use
- Use
- Valuation
- Residential
- $9,612,077
- Hospitality
- $8,804,611
- Educational
- $7,325,333
- Medical
- $7,577,262
- Retail
- $11,394,963
Location Insight
- City
- Villas
- County
- Cape May
- State
- New Jersey
- Latitude
- 39.0165
- Longitude
- -74.9378
- 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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