Corner Retail
2588 Tilton Rd Egg Harbor Township, NJ 08234
For Sale
$475,000
COMMERCIAL - Egg Harbor Township, NJ
Property Size3,500 SF
Price / SF$135.71
Days on Market207
Property Features for 2588 Tilton Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RG-4
Rooms
Laundry Room, Utility Room
Security features
Security System
Interior features
Display Windows, Restroom, Security System, Smoke/Fire Alarm
Exterior features
Sign
Standard status
Active
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12070
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Number of units
2
Flooring type
Linoleum
Roof type
Asphalt
Listing Agency:
BALSLEY/LOSCO
(609) 646-3207
Listed By:
Ashish Patel · License #2561431
(609) 892-4675
Added: Jan 4
Changed: Jul 28
Last Checked: Jul 30 at 2:06AM
MLS# 603451
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 corner commercial property includes one building with two separate commercial spaces. One space is an operating convenience store, and the second space is currently vacant and can be repurposed for a variety of uses. The property is offered as part of a package including the building and the convenience store business, with inventory excluded, and is sold in as-is condition.
The property is located on Tilton Rd at the intersection with Van Mar Ave, offering corner visibility. It is adjacent to apartment buildings, supporting a steady flow of nearby demand.
The vacant space offers flexibility for an office, restaurant, deli, hair salon, nail salon, or dry cleaner, depending on the buyer’s concept and approval requirements.
The property is located on Tilton Rd at the intersection with Van Mar Ave, offering corner visibility. It is adjacent to apartment buildings, supporting a steady flow of nearby demand.
The vacant space offers flexibility for an office, restaurant, deli, hair salon, nail salon, or dry cleaner, depending on the buyer’s concept and approval requirements.
Key Highlights
- Corner commercial location at Tilton Rd and Van Mar Ave
- One building with two separate commercial spaces: operating convenience store (~2,000 SF) plus vacant space (~1,500 SF)
- Vacant space suited for an office, restaurant, deli, hair or nail salon, or dry cleaner (per listing)
Financial Insights For Retail
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 | $52.5k | $15.00 |
| − Vacancy | −$4.5k | −$1.28 |
| EGI | $48.0k | $13.73 |
| − OpEx | −$14.4k | −$4.12 |
| NOI | $33.6k | $9.61 |
3,500 SF · lease $15.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$773.6K
$676.9K – $902.5K
NOI $54,149 @ 7.0% cap · market cap 11.40%
Second Best
Retail
$480.4K
$420.3K – $560.4K
NOI $33,626 @ 7.0% cap · market cap 7.08%
Theoretical Best
Warehouse
$1.30M
$1.14M – $1.52M
NOI $91,236 @ 7.0% cap · market cap 19.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Corner commercial building with an operating convenience store and a vacant second space, both suited for retail or service use.
Where is this grocery and convenience store located?
The property is located at 2588 Tilton Rd Egg Harbor Township, NJ.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Corner commercial location at Tilton Rd and Van Mar Ave; One building with two separate commercial spaces: operating convenience store (~2,000 SF) plus vacant space (~1,500 SF); Vacant space suited for an office, restaurant, deli, hair or nail salon, or dry cleaner (per listing)
