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
$11,485,122 CAD
Price Per SF
$561 CAD
Cap Rate
7.39%
NOI
$848,949 CAD
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 | $3,146,789 CAD |
| Land Assessment | $2,570,841 CAD | Total Assessment | $5,717,630 CAD |
PROPERTY TAXES
Parcel Number
08-00120-0000-00003-03
Land Assessment
$2,570,841 CAD
Improvements Assessment
$3,146,789 CAD
Total Assessment
$5,717,630 CAD
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