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    98 New Rd Somers Point, NJ 08244

    For Sale
    $599,900

    Mixed Use - Somers Point, NJ

    Type:Mixed Use
    Days on Market:
    22
    Last Refresh:
    Dec 5 at 8:06 pm

    Property Features for 98 New Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Mixed Use
    Standard status
    Active
    Zoning
    R-1

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1952
    Number of units
    4
    Architectural style
    Other

    eXp Realty, LLC (866) 201-6210 [email protected]

    Listing agent Jeffrey Quintin (866) 201-6210 License #9134206

    Listing date Nov 14, 2025

    MLS# 253350 Listing URL

    Copyright © 2025 Cape May County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Somers Point Mixed-Use Property

    This commercial property is located on a highly visible corner lot in Somers Point, New Jersey, with a traffic count exceeding 36,000 vehicles per day. The property offers approximately 3,500 square feet of flexible space within the General Business (GB) zone. The ground floor features an open layout that can be divided into separate offices, with two entrances, plus a rear retail or office space. The second floor includes additional office space and a full bathroom. The GB zoning allows for a wide range of uses, including retail shops, professional offices, restaurants, beauty salons, and health clubs. The property is situated across from a Chick-fil-A and Panera Bread, and offers ample parking and easy access to major roadways. This mixed-use property is suitable for various business needs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Advanced Dental Concepts, ... Dentist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Somers Point
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.5940096
    Latitude
    39.3298627

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    FAQs

    What type of property is this?
    Mixed-use property - High-visibility commercial property with flexible space in Somers Point, NJ.
    Where is this mixed-use property located?
    The property is located at 98 New Rd Somers Point, NJ.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: - Prime corner lot location with **high visibility (36,000+- cars passing daily)**.; - Flexible **3,500 sq. ft. space** suitable for various business needs.; - General Business (GB) zoning allows for a wide range of uses (retail, offices, restaurants, etc.).
    (866) 201-6210
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    98 New Rd Somers Point, NJ 08244
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    Somers Point, NJ 08244
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    98 New Rd Somers Point, NJ 08244
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