Two Detached Wellness Office
16-20 Roosevelt Blvd Marmora, NJ 08223
16-20 Roosevelt Blvd, Marmora, NJ, 08223
$849,900
For Sale
$849,900
COMMERCIAL - Marmora, NJ
Property Size3,818 SF
Lot Size0.60 Acres
Price / SF$222.60
Days on Market197
Property Features for 16-20 Roosevelt Blvd
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- TCC
- Rooms
- Utility Room, Laundry Room, Basement
- Interior features
- Restroom
- Exterior features
- Sign
- Standard status
- Active
- Lot size
- 0.60 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 8285
Utilities
- Heating system
- Oil, Forced Air, Baseboard, Natural Gas, Hot Water(Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Number of units
- 2
- Roof type
- Asphalt
Listing Agency
CENTURY 21 ALLIANCE-O1O4J
(609) 399-5711
909 WEST AVE, NJ
Listed by
JEFFREY STULL · License #SP-9693735
(609) 214-5635
Added: Jan 3 Checked: Jul 19 at 5:06 pm
MLS# 603443
Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering includes two detached commercial buildings set on a large 155' x 185' lot at 16-20 Roosevelt Blvd in Marmora, NJ. Building A contains approximately 2,194 sq. ft. and has multiple interior and exterior upgrades, including a new roof, siding, windows, and new heat and A/C. Building A has been used as a health and wellness center and is now vacant and ready for a new operator. Building B provides approximately 1,624 sq. ft. and is also vacant and ready to use or lease.
The site is positioned for high visibility on one of the primary arteries in and out of Ocean City, with North & South Parkway entrances/exits just a few hundred yards away. The property includes parking for approximately 22 cars.
Zoned TCC (Town Center Core), the municipality indicates the area permits a wide range of uses, supporting flexible options for a variety of commercial programs.
The site is positioned for high visibility on one of the primary arteries in and out of Ocean City, with North & South Parkway entrances/exits just a few hundred yards away. The property includes parking for approximately 22 cars.
Zoned TCC (Town Center Core), the municipality indicates the area permits a wide range of uses, supporting flexible options for a variety of commercial programs.
Key Highlights
- Two detached buildings on a 155' x 185' lot, offering approximately 2,194 SF (Building A) and 1,624 SF (Building B).
- Building A includes recent updates: new roof, siding, windows, heat, and A/C; building is now vacant and ready for your business.
- Building B is vacant and ready to use or lease, with approximately 1,624 SF.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $106.8k | $27.96 |
| − Vacancy | −$23.5k | −$6.15 |
| EGI | $83.3k | $21.81 |
| − OpEx | −$20.8k | −$5.45 |
| NOI | $62.4k | $16.36 |
3,818 SF · lease $27.96/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$892.1K
$780.6K – $1.04M
NOI $62,449 @ 7.0% cap · market cap 7.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,809 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Spa & wellness properties
Similar For Sale Nearby
Similar Off Market Nearby
- Rooted Wellness — 38 Tuckahoe Rd, Marmora, NJ 08223
- NovaCare Rehabilitation in partnership with AtlantiCare - Marmora — 210 S Shore Rd Suite 203, Marmora, NJ 08223
- Ivy Rehab Physical Therapy — 4 Roosevelt Blvd, Marmora, NJ 08223
FAQs
What type of property is this?
Spa & wellness property - Two detached buildings on a large lot with approximately 22-car parking; Building A is recently upgraded and vacant.
Where is this spa & wellness property located?
The property is located at 16-20 Roosevelt Blvd Marmora, NJ.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Two detached buildings on a 155' x 185' lot, offering approximately 2,194 SF (Building A) and 1,624 SF (Building B).; Building A includes recent updates: new roof, siding, windows, heat, and A/C; building is now vacant and ready for your business.; Building B is vacant and ready to use or lease, with approximately 1,624 SF.
