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429 Lacey Rd
Forked River, NJ 08731

Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
8,960 SF
Building Class
C
Year Built
1988
Percent Leased
65%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.20
Lot Size
1.01 AC
Zoning
OC - neighborhood retail/office/professional
Parking
56 Spaces (7.13 Spaces per 1,000 SF Leased)
Frontage
132 FT on Lacey Rd

Amenities

  • Corner Lot
  • Freeway Visibility
  • Signage

About 429 Lacey Rd , Forked River, NJ 08731

Marcus & Millichap is pleased to exclusively list for sale Forked River Mall, a four-tenant retail/office building located in Forked River (Ocean County), New Jersey. Forked River Mall is 100 percent occupied and includes locally established tenants. The 8,960+/- SF strip center has immediate access to the Garden State Parkway and Route 9 and proximity to Lacey Mall. This strategic location has access to multiple major highways; Garden State Parkway and Route 9. Lacey Road is the primary local road within Forked River township and intersect the Garden State Parkway and Route 9. Various national retail tenants are located within 1 mile including ShopRite, Kohl's, Staples, Home Depot, AutoZone, McDonald's, Wendy's, White Castle and many more. Forked River is a unincorporated community and CDP located within Lacey Township, (Ocean County) New Jersey. The subject property is approximately 50 miles north of Atlantic City, NJ and 61 miles south of New York City, NY. NJ Transit provides bus service to Atlantic City on bus route 559. Academy Bus provides bus service to Jersey City and New York City. Within a five-mile radius of Forked River, the average household income is $94,295 among the 50,121 individuals who reside within a five-mile radius of the subject property. The asking price of $1,500,000 represents a 7.51 percent cap rate.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
13-01447-0000-00028-02
Land Assessment
$402,500
Improvements Assessment
$602,600
Total Assessment
$1,005,100
  • Listing ID: 12936183

  • Date on Market: 6/19/2018

  • Last Updated:

  • Address: 429 Lacey Rd, Forked River, NJ 08731

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