Commercial Real Estate on Long Beach Island NJ

Buying and Selling Commercial Real Estate in the LBI NJ Real Estate Market

Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

Click Here to learn more about commercial real estate on Long Beach Island NJ and search available listings

Commercial Real Estate on Long Beach Island NJ

Commercial Real Estate on Long Beach Island NJ

Overall the commercial real estate market is the least active area of the entire LBI real estate market. Single family homes are by far the most active with roughly 30 closings each month, condominiums are next with around 2-5 closings each month, multifamily homes follow with about 2-3 transactions each month and commercial is a distant last with only about 1 transaction every 2-3 months! Between January 1st 2013 and November 1st, 2013 there were 5 sold commercial properties on Long Beach Island (one of which was a rental). They were:

  • 1918 Long Beach Blvd Surf City which was a rental (not a sale) for $1,200/ month
  • 2901 Long Beach Blvd Ship Bottom which was a storm damaged restaurant, totally gutted, and listed at land value for $136,000
  • 325 9th Street Beach Haven which was a restaurant undamaged by Hurricane Sandy and was sold as an operating business. This property sold for $160,000
  • 7300 Long Beach Blvd which was a storm damaged office building and was sold with the intention of building a new house in the location. This building sold for $265,000
  • 604 N Central was a produce market in Ship Bottom that was sold as an operating business. This property sold for $650,000

Of the five commercial transactions that have taken place on Long Beach Island, really only 3 of them were sold as an operating business. The others were sold and marketed as a possibility for commercial OR residential use and the intended purpose of each was residential when the transactions closed.

Buying and Selling Commercial Real Estate on Long Beach Island NJ

Commercial real estate on Long Beach Island can offer some great opportunities for a buyer or a seller if they are aware of how to price the current market. Commercial real estate is an investment and as such, the number have to be viable in order for a commercial property to sell on Long Beach Island. It is important to remember that with commercial real estate we will not see a lot of showings…but the showings we see will be serious buyers. Commercial investment lacks much of the emotional aspects that we see with residential transaction so for a commercial buyer it is simply a numbers game. So long as the numbers work to a worthwhile profit, then the deal will attract the interest of a buyer. For more information about Commercial Real Estate on Long Beach Island NJ please feel free to contact me, Nathan Colmer, and I will be happy to help.

Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

Click Here to learn more about commercial real estate on Long Beach Island NJ and search available listings