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INVESTMENT HIGHLIGHTS
THE ASSET: 11 N Main Street is comprised of a 7,173 square-foot mixed-use building with seven (7) total units comprised of six (6) commercial tenants that cater to the needs of the area residents and one (1), 2-Bedroom/1-Bathroom residential unit. The offering also includes the adjacent 15,359 square foot (0.35-acre) vacant parcel of land located at 12 E Bay Avenue. 12 E Bay Avenue enjoys 210 feet of frontage along E Bay Avenue and 40 feet along N Main Street (US Route 9). Both Properties are zoned MU – Mixed-Use.
ZONING: The MU Zone is designed to encourage a blend of land uses, typically combining residential, commercial, and possibly office or light industrial operations, within a unified development area. This kind of zoning supports the creation of walkable, multifunctional neighborhoods where people live, shop, dine, and work in close proximity. The MU designation generally permits a range of uses—single/multifamily housing, retail storefronts, offices, personal services, cafés, and possibly civic or institutional functions. However, the specifics (including parking ratios and allowable square footage) are set out in the Township’s Zoning Code (Chapter 211) and any applicable overlay or redevelopment plans.
STRATEGIC LOCATION: The Property is exceptionally well-located at the signalized intersection of Stafford Avenue, E Bay Avenue and N Main Street (US Route 9), one of the area’s primary commercial and commuter corridors. The Property enjoys outstanding visibility and frontage. The Property is seconds from Barnegat Road (NJ Route 72), the area’s gateway to the Jersey Shore. The Property is convenient to area schools and national and local retailers and restaurants that drive traffic to the area and is surrounded by residential neighborhoods that provide a built-in and captive customer base. The Property is 1.5-miles from the Garden State Parkway and 6-miles from the Jersey Shore.
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