277 Route 70 | Toms River, NJ 08755
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277 Route 70
Toms River, NJ 08755
North Dover Square Medical/Retail Mixed-Use · Retail Property For Sale
Investment Highlights
- Opportunity to Acquire: 97% Occupied +/-20,460 SF Mixed-Use Building Located on Route 70, Toms River, Ocean County, New Jersey.
- Positioned on the highly traveled Route 70, seeing over 23,000 vehicles per day.
- Well-occupied with a diverse tenant mix, generating strong cash flow in one of the fastest-growing areas of the Lakewood, NJ market.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
20,460 SF
Building Class
B
Year Built/Renovated
2014/2023
Price
$8,076,000
Price Per SF
$395
Cap Rate
7.39%
NOI
$596,956
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.13
Lot Size
3.50 AC
Zoning
RHB
Parking
179 Spaces (8.75 Spaces per 1,000 SF Leased)
Frontage
450 FT on Route 70
PROPERTY TAXES
| Parcel Number | 08-00120-0000-00003-03 | Improvements Assessment | $2,210,600 |
| Land Assessment | $1,806,000 | Total Assessment | $4,016,600 |
PROPERTY TAXES
Parcel Number
08-00120-0000-00003-03
Land Assessment
$1,806,000
Improvements Assessment
$2,210,600
Total Assessment
$4,016,600
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