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6760 Harding Hwy 4,000 SF Retail Building Mays Landing, NJ 08330 $550,000 ($137.50/SF) 2.91% Cap Rate
Investment Highlights
- 200' of frontage in a high traffic area
- Township amenable to variances and expanded use
- Rare Gogo-liquor license and Motel uses on same property
Executive Summary
Property is centrally located on the way from Trout National to Atlantic City, FA-10 zones are protected Pinelands with limited uses, the township is amenable to expanded uses or variances. This property is in a prime location for ecotourism; the liquor license can be utilized in a farm to table establishment. The property is owner occupied with a Bikini bar/Nightclub and a non-conforming grandfathered use of a motel in the smaller building.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,000 SF
Building Class
C
Year Built/Renovated
1946/2020
Price
$550,000
Price Per SF
$137.50
Cap Rate
2.91%
NOI
$16,000
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.02
Lot Size
4.70 AC
Zoning
FA-10 - Currently a non-conforming use, expanded use is full bar/restaurant is well received by the township.
Parking
30 Spaces (7.5 Spaces per 1,000 SF Leased)
Frontage
200’ on Harding Hwy
Amenities
- Security System
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
Not walkable
10/100
Exceptionally drivable
100/100
Limited public transit
30/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 12-00616-0000-00002 | Improvements Assessment | $247,900 |
| Land Assessment | $46,900 | Total Assessment | $294,800 |
Property Taxes
Parcel Number
12-00616-0000-00002
Land Assessment
$46,900
Improvements Assessment
$247,900
Total Assessment
$294,800
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6760 Harding Hwy
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