Established Pharmacy with
For Sale
$1,050,000
111111 Cnty Rd Route, Manchester, NJ 08759
Business Opportunity, Manchester, NJ
Property Size2,664 SF
Lot Size1.42 Acres
Price / SF$394.14
Days on Market270
Property Features for 111111 Cnty Rd Route
General Information
Property type
Residential
Property subtype
Retail
Zoning
WTOP
Parking
16
Parking features
Open
Lot features
Near Shopping
Standard status
Active
APN
1900097000000012
Size
2,664 SF
Lot size
1.42 Acres
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Listing Agency:
BEST REALTY · RE/MAX International
(732) 819-8895
Listed By:
Malav Kanuga
(732) 668-2835
Added: Jan 10
Changed: Sep 4
Last Checked: Oct 7 at 3:06AM
MLS# 2609406R
Copyright © 2026 All Jersey 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.
The property includes an operating pharmacy that has served the market for more than 25 years. The 2,664-square-foot building sits on a 1.42-acre lot and includes drive-through service, open parking, forced-air heating, central air conditioning, public water, and public sewer. The pharmacy operates Monday through Friday from 9:00 a.m. to 6:00 p.m. and Saturday from 9:30 a.m. to 2:00 p.m., with closures on major holidays.
The site is positioned at a T-intersection in Manchester, NJ, near 55+ communities, assisted living facilities, prescribers, healthcare resources, restaurants, and other businesses. The operation is staffed by 1 full-time pharmacist, 1 full-time pharmacy technician, and 1 part-time driver, with 49.5 hours of payroll. Zoning is WTOP, and the property is identified as being in Ocean County.
The site is positioned at a T-intersection in Manchester, NJ, near 55+ communities, assisted living facilities, prescribers, healthcare resources, restaurants, and other businesses. The operation is staffed by 1 full-time pharmacist, 1 full-time pharmacy technician, and 1 part-time driver, with 49.5 hours of payroll. Zoning is WTOP, and the property is identified as being in Ocean County.
Key Highlights
- 2,664 SF pharmacy building on a 1.42‑acre lot
- Drive‑through service with open parking
- Operating for more than 25 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,740
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$814,800
$814.8K
Cap Rate 7%
$582,000
$582.0K
Cap Rate 9%
$452,667
$452.7K
Market Conditions
NOI Build-Up for 2,664 SF
Gross rent
$57.5K $21.60/SF
− Vacancy
−$3.2K −$1.21/SF
EGI
$54.3K $20.39/SF
− OpEx
−$13.6K −$5.10/SF
NOI
$40.7K $15.29/SF
Area
Ocean County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$814,800
Cap Rate 7%
$582,000
Cap Rate 9%
$452,667
Alternative Uses
Best Use
Specialty Retail
$582.0K
$509.3K – $679.0K
NOI $40,740 @ 7.0% cap · market cap 3.88%
Second Best
Retail
$543.2K
$475.3K – $633.7K
NOI $38,024 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$695.6K
$608.7K – $811.6K
NOI $48,694 @ 7.0% cap · market cap 4.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
196
Businesses Nearby
7k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 77%
Beauty & Spa 14%
Dining 9%
Sunoco
Shops & Services
5,422 visits/mo
0.3 miles
Great Clips
Beauty & Spa
1,019 visits/mo
0.5 miles
Saladworks
Dining
623 visits/mo
0.5 miles
Demographics for 08759, NJ
34,547
Population
22,101
Households
1.6
Avg Household Size
69
Median Age
23%
College-Educated
93%
High-School Grad
61.3 sq mi
ZIP Area
564
Density / Sq Mi
$55,000
Median Household Income
$41,089
Median Earnings
$1,324
Median Rent
$176,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- CVS Pharmacy — 452 US-9, Waretown, NJ 08758
- CVS — 452 US-9, Waretown, NJ 08758
- ShopRite Pharmacy of Waretown — 501 US-9 Suite 100, Waretown, NJ 08758
- Paul Hammeke — 501 US-9 Suite 100, Waretown, NJ 087581751
Frequently Asked Questions
What type of property is this?
Drug store - Operating retail pharmacy with public utilities, open parking, and central air conditioning.
Where is this drug store located?
The property is located at 111111 Cnty Rd Route Manchester, NJ.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 2,664 SF pharmacy building on a 1.42‑acre lot; Drive‑through service with open parking; Operating for more than 25 years
