835 Bay AveBarnegat Township, NJ 08005

For Sale
$2,400,000

Class-A facility, high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a prime 4.71-acre parcel in Barnegat Township, NJ, zoned for a Class-A, two-story self-storage facility. The approved plans encompass 107,720 gross square feet (GSF) and 73,400 net rentable square feet (NRSF), housing an estimated 843 climate-controlled storage units. The project boasts a projected net operating income (NOI) of $1,238,424 and is offered at $2,400,000, resulting in a price per square foot of $169.05. Strategically located on Route 554, near Route 9, this high-visibility site benefits from 13,677 vehicles passing daily. The property's location serves a population of 55,294 within a 5-mile radius, exhibiting a strong demand for self-storage with only 5.2 square feet per capita currently available. The median household income within this radius is $98,875, indicating significant purchasing power. The development also includes four retail spaces, further enhancing revenue potential. This project offers a rare chance to capitalize on a high-demand market with substantial growth potential. The address is 835 W Bay Ave, Barnegat Township, NJ 08005.

Highlights

  • 107,720 SF gross building area (GBA), 73,400 SF net rentable square feet (NRSF) self-storage development.
  • Two-story, climate-controlled, Class-A self-storage facility.
  • Approximately 843 storage units averaging 87 SF; $83,000 median household income within a 5-mile radius.
  • 13,677 vehicles per day traffic count.
  • 55,294 population within a 5-mile radius.
  • 5.2 SF of self-storage per person within a 5-mile radius.

Property Details for 835 Bay Ave

Property type
Other land, Self storage facilities
Square Feet
107,720 SF
Class
A
Buildings
1
Stories
2
Lot Size (sq. ft)
205,168 SF
Units
843

Location Insight

City
Barnegat Township
County
Ocean
State
New Jersey
Latitude
39.755877
Longitude
-74.2363003
835 Bay Ave, Barnegat Township, New Jersey

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835 Bay Ave
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