Corner Retail Restaurant
1121 Route 47 S Rio Grande, NJ 08242
1121 Route 47 S, Rio Grande, NJ, 08242
$249,900
For Sale
$249,900
Corner unit retail space with two customer entrances, large windows, and a shared parking lot.
Property Size1,300 SF
Price / SF$192.23
Days on Market109
Property Features for 1121 Route 47 S
General Information
- Standard status
- Active
- Size
- 1,300 SF
Listing agency
Rio Realty
(609) 222-1561
Listed by
John Renteria · License #1003728
(609) 222-1561
Source
Exprealty
Added: Apr 5 Updated: Jul 22 at 6:38AM Checked: Jul 22 at 6:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rio Realty
Investment Insights
Based on property information with market context.
This corner unit retail/restaurant space offers two separate customer entrances and large windows designed to bring in natural light. The property is configured as an approximately 1,300 square foot storefront suitable for a range of town-center uses.
Located on Route 47 in Rio Grande’s busy business district, the space includes access to a large parking lot with ample parking. The adjacent complex includes a newly developed movie theater.
Under Town Center (TC) zoning, permitted uses include retail sales, service uses, restaurants, professional offices, business offices, and health care facilities and services.
Located on Route 47 in Rio Grande’s busy business district, the space includes access to a large parking lot with ample parking. The adjacent complex includes a newly developed movie theater.
Under Town Center (TC) zoning, permitted uses include retail sales, service uses, restaurants, professional offices, business offices, and health care facilities and services.
Key Highlights
- Corner unit retail space with approx. 1,300 SF and two customer entrances
- Large windows designed for strong natural lighting
- Shared parking lot with ample parking for customers/clients
Local Financial Insights For Specialty 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 | $28.1k | $21.60 |
| − Vacancy | −$1.7k | −$1.30 |
| EGI | $26.4k | $20.30 |
| − OpEx | −$6.6k | −$5.08 |
| NOI | $19.8k | $15.23 |
1,300 SF · lease $21.60/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$282.8K
$247.5K – $329.9K
NOI $19,796 @ 7.0% cap · market cap 7.92%
Second Best
Retail
$215.3K
$188.4K – $251.2K
NOI $15,070 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$397.9K
$348.2K – $464.3K
NOI $27,855 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Corner unit retail space with two customer entrances, large windows, and a shared parking lot.
Where is this retail space located?
The property is located at 1121 Route 47 S Rio Grande, NJ.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Corner unit retail space with approx. 1,300 SF and two customer entrances; Large windows designed for strong natural lighting; Shared parking lot with ample parking for customers/clients
