General Commercial Restaurant Building with Curb
For Sale
$499,000
392 S New Rd, Pleasantville, NJ 08232
COMMERCIAL - Pleasantville, NJ
Property Size4,140 SF
Price / SF$120.53
Days on Market204
Property Features for 392 S New Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
UEZC
Rooms
Office, Laundry Room
Interior features
220 Volt Electricity
Exterior features
Restrooms
Lot features
Highway, Mainland
Directions
ROUTE 9 (new road) South of Black Horse Pike (RT 322) on the east side of the road before the church
Subdivision
Pleasantville City
Standard status
Active
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10723
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Wall Unit(s)
Building Details
Year built
1962
Flooring type
Concrete
Roof type
Flat
Listing Agency:
Keller Williams Realty Jersey Shore - Ocean City
(609) 399-5454
Listed By:
LYNDA GREAVES · License #0450370
(609) 214-0939
Added: Jan 14
Changed: Aug 4
Last Checked: Aug 6 at 5:06AM
MLS# 603944
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 General Commercial UEZC two-story building is presented as a “blank canvas” for a restaurant concept, office, or other commercial use. The property totals 4,140 SF as per a previous appraisal and includes an office and laundry room. Interior features include 220-volt electricity, concrete flooring, restrooms, and wall unit cooling, with natural gas heating. The roof is flat, and the building was constructed in 1962.
Access is designed for frequent customer flow, with three curb cuts and a wrap-around drive that makes it easier to enter and exit the site. The footprint is 40' x 65' and the property is positioned for visibility to daily commuters.
The surrounding retail mix includes Walmart, Sam’s Club, and KFC. The location is described as 10 minutes from Atlantic City, 1 mile to the Atlantic City Expressway, and 2 miles to the Garden State Parkway.
Access is designed for frequent customer flow, with three curb cuts and a wrap-around drive that makes it easier to enter and exit the site. The footprint is 40' x 65' and the property is positioned for visibility to daily commuters.
The surrounding retail mix includes Walmart, Sam’s Club, and KFC. The location is described as 10 minutes from Atlantic City, 1 mile to the Atlantic City Expressway, and 2 miles to the Garden State Parkway.
Key Highlights
- 4,140 SF building total as per previous appraisal
- 40' x 65' footprint with two‑story block structure
- Three curb cuts plus wrap‑around drive for easier ingress/egress
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 | $62.1k | $15.00 |
| − Vacancy | −$5.3k | −$1.28 |
| EGI | $56.8k | $13.73 |
| − OpEx | −$17.0k | −$4.12 |
| NOI | $39.8k | $9.61 |
4,140 SF · lease $15.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.27M
$1.11M – $1.48M
NOI $88,875 @ 7.0% cap · market cap 17.81%
Second Best
Specialty Retail
$915.0K
$800.6K – $1.07M
NOI $64,050 @ 7.0% cap · market cap 12.84%
Theoretical Best
Warehouse
$1.54M
$1.35M – $1.80M
NOI $107,920 @ 7.0% cap · market cap 21.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
850
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08232, NJ
19,897
Population
7,136
Households
2.8
Avg Household Size
37
Median Age
11%
College-Educated
73%
High-School Grad
5.9 sq mi
ZIP Area
3,372
Density / Sq Mi
$52,476
Median Household Income
$30,661
Median Earnings
$1,210
Median Rent
$179,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - General Commercial UEZC restaurant building with three curb cuts, wrap-around drive, and natural gas heat in Pleasantville
Where is this conventional restaurant located?
The property is located at 392 S New Rd Pleasantville, NJ.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 4,140 SF building total as per previous appraisal; 40' x 65' footprint with two‑story block structure; Three curb cuts plus wrap‑around drive for easier ingress/egress
