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2004 Bayshore Rd 6,350 SF 100% Leased Office Building Villas, NJ 08251 $1,688,400 CAD ($265.89 CAD/SF)
Executive Summary
Stabilized Mixed-Use Investment Opportunity Near Cape May
Located on the highly visible Bayshore Road corridor in Lower Township, this income-producing property is just minutes from Cape May, the Wildwoods, the Delaware Bay beaches, and Routes 47 and 9.
The approximately 6,700-square-foot complex consists of two well-maintained buildings featuring five commercial units and one residential apartment, currently generating nearly $100,000 in annual gross rental income. The diverse tenant mix includes established medical, professional, service, and residential occupants, providing stable cash flow with long-term investment potential.
Owners has invested significantly in the property, completing extensive improvements including expansion of the legal use to five commercial units and one residential apartment, renovation of the second-floor office and apartment, expanded parking with approximately 34 spaces, updated vinyl siding, enhanced back-lit signage, and numerous site improvements.
The flexible layout provides future owner-user potential as leases naturally transition while maintaining strong in-place income.
Seller will consider first-position financing for qualified buyers, subject to mutually acceptable terms and documentation.
Located on the highly visible Bayshore Road corridor in Lower Township, this income-producing property is just minutes from Cape May, the Wildwoods, the Delaware Bay beaches, and Routes 47 and 9.
The approximately 6,700-square-foot complex consists of two well-maintained buildings featuring five commercial units and one residential apartment, currently generating nearly $100,000 in annual gross rental income. The diverse tenant mix includes established medical, professional, service, and residential occupants, providing stable cash flow with long-term investment potential.
Owners has invested significantly in the property, completing extensive improvements including expansion of the legal use to five commercial units and one residential apartment, renovation of the second-floor office and apartment, expanded parking with approximately 34 spaces, updated vinyl siding, enhanced back-lit signage, and numerous site improvements.
The flexible layout provides future owner-user potential as leases naturally transition while maintaining strong in-place income.
Seller will consider first-position financing for qualified buyers, subject to mutually acceptable terms and documentation.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
6,350 SF
Building Class
C
Year Built
1950
Price
$1,688,400 CAD
Price Per SF
$265.89 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,350 SF
Building FAR
0.15
Lot Size
0.98 AC
Opportunity Zone
Yes
Zoning
GB - General Business
Parking
34 Spaces (5.35 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Air Conditioning
Somewhat walkable
30/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 05-00334-01-00001 | Improvements Assessment | $650,612 CAD |
| Land Assessment | $271,739 CAD | Total Assessment | $922,350 CAD |
Property Taxes
Parcel Number
05-00334-01-00001
Land Assessment
$271,739 CAD
Improvements Assessment
$650,612 CAD
Total Assessment
$922,350 CAD
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Presented by
RE/MAX Surfside
2004 Bayshore Rd
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