23-27 Mays Landing Rd, Somers Point NJ
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23-27 Mays Landing Rd, Somers Point NJ
3 Properties Offered at $2,695,000 in Somers Point, NJ
Investment Highlights
- Great Location with High Rental Income
- Development Opportunity
Executive Summary
FANTASTIC INVESTMENT OPPORTUNITY - 3 Commercial properties for sale FULLY LEASED out to working businesses, including a large
parking lot. GREAT RENTAL INCOME with over $300,000 of rental income per year and to increase. This sale is for the land and buildings -
businesses not included. Over 2.5 acres of land acres located in the federally approved OPPORTUNITY ZONE in a highly desirable area with
high visibility, traffic volume, and easy access from local, county, and state roads. 10 rental units all leased, plenty of exterior parking, and
approx. 900 contiguous feet of road frontage. Commercial spaces are currently used for retail, office/professional, and warehouse space and are a total of over 35,000 sq ft. Lease information available to interested qualified buyers. Properties being sold are 23 Mays Landing Road, 25 Mays Landing Road, & 27 Mays Landing Road. All rental properties with possibility of development. Total land area over 2.5 acres for all contiguous properties. Located in the Opportunity Zone - https://nj.gov/governor/njopportunityzones/
parking lot. GREAT RENTAL INCOME with over $300,000 of rental income per year and to increase. This sale is for the land and buildings -
businesses not included. Over 2.5 acres of land acres located in the federally approved OPPORTUNITY ZONE in a highly desirable area with
high visibility, traffic volume, and easy access from local, county, and state roads. 10 rental units all leased, plenty of exterior parking, and
approx. 900 contiguous feet of road frontage. Commercial spaces are currently used for retail, office/professional, and warehouse space and are a total of over 35,000 sq ft. Lease information available to interested qualified buyers. Properties being sold are 23 Mays Landing Road, 25 Mays Landing Road, & 27 Mays Landing Road. All rental properties with possibility of development. Total land area over 2.5 acres for all contiguous properties. Located in the Opportunity Zone - https://nj.gov/governor/njopportunityzones/
Taxes & Operating Expenses (Actual - 2023) |
Annual |
|---|---|
| Gross Rental Income |
$309,000
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$309,000
|
| Net Operating Income |
-
|
Taxes & Operating Expenses (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $309,000 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $309,000 |
| Net Operating Income | |
|---|---|
| Annual | - |
Property Facts
| Price | $2,695,000 | Number of Properties | 3 |
| Price / SF | $79.97 / SF | Individually For Sale | 0 |
| Sale Conditions | Bulk/Portfolio Sale | Total Building Size | 33,700 SF |
| Sale Type | Investment | Total Land Area | 2.68 AC |
| Status | Active |
| Price | $2,695,000 |
| Price / SF | $79.97 / SF |
| Sale Conditions | Bulk/Portfolio Sale |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 33,700 SF |
| Total Land Area | 2.68 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 23 Mays Landing Somers Point Rd, Somers Point, NJ 08244 | Office | 31,000 SF | 1956 | - |
| 27 Mays Landing Rd, Somers Point, NJ 08244 | Office | 2,700 SF | 1956 | - |
| 25 Mays Landing Rd, Somers Point, NJ 08244 | Land | 0.82 AC | - | - |
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Chris Monihan -
Monihan Realty
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23-27 Mays Landing Rd, Somers Point NJ
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