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688 E Bay Ave 2,808 SF Retail Building Barnegat, NJ 08005 $699,000 ($248.93/SF) 6% Cap Rate
Investment Highlights
- Historic Downtown Area
- Close to Barnegat Bay and the Public beach and docks
Executive Summary
Real Estate Only - Investment opportunity.. This classic building is a cherished piece of Barnegat history. Well established, successful business currently operating with favorable long term lease in place. Nestled in a high traffic area of Downtown Barnegat with close proximity to the public docks and bay beach. Town approvals in place to expand into the rear yard allowing for a covered gazebo providing additional seating and entertaining space. Copy of current lease available upon request. Annual Increases.
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,808 SF
Building Class
C
Year Built
1920
Price
$699,000
Price Per SF
$248.93
Cap Rate
6%
NOI
$41,940
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
0.22 AC
Zoning
CVH
Parking
25 Spaces (8.9 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Restaurant
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Sweet Jenny's Restaurant
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Sweet Jenny's Restaurant | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01-00250-0000-00024 | Total Assessment | $330,500 (2025) |
| Land Assessment | $99,500 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $231,000 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
01-00250-0000-00024
Land Assessment
$99,500 (2025)
Improvements Assessment
$231,000 (2025)
Total Assessment
$330,500 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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688 E Bay Ave
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