Commercial Property with Highway
For Sale
$425,000
696 Route 9 S, Tuckerton, NJ 08087
Commercial property with buildings, high visibility, and expansion potential.
Property Size1,600 SF
Lot Size1.00 Acre
Price / SF$265.63
Days on Market253
Property Features for 696 Route 9 S
General Information
Standard status
Active
Size
1,600 SF
Lot size
1.00 Acre
Building Details
Year Built
1960
Listing Agency:
Mezzina Agency
Listed By:
Michael J Eagan · License #8938504
(856) 988-1800
Source:
Premierehomegroup
Added: Jan 26
Changed: Oct 5
Last Checked: Oct 5 at 9:13PM
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 Mezzina Agency
Investment Insights
Based on property information with market context.
This commercial property features approximately one acre of land with existing buildings and 250 feet of frontage on Route 9. The site is located next to a busy shopping center and across from another shopping center and Rita's Water Ice, offering great visibility with over 10,000 cars passing daily, with higher traffic volume in the summer. The property was formerly operated as a landscape business, with a main building that served as both an office and a residence. A large outbuilding with separate electric is located in the rear of the property. The yard is partially fenced. A substantial new development featuring over 200 self-storage units and five large flex buildings is under construction behind the property. The existing buildings require some renovation but can be returned to a useful state. Zoned HB, Highway Business, the property permits numerous uses, including those allowed within the GB General Business zone and the NB Neighborhood Business zone. Permitted uses include contractors, auto repair and sales, retail, office, services, professional, and car wash. The allowed building height is 40 feet. The property offers room for conforming expansion.
Key Highlights
- High‑visibility location with 250 feet of frontage on Route 9 and over 10,000 cars per day traffic count.
- Zoned HB (Highway Business) with numerous permitted uses.
- Approximately one acre of commercial ground with existing buildings suitable for renovation or expansion.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,480
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$489,600
$489.6K
Cap Rate 7%
$349,714
$349.7K
Cap Rate 9%
$272,000
$272.0K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$48.0K $30.00/SF
− Vacancy
−$15.4K −$9.60/SF
EGI
$32.6K $20.40/SF
− OpEx
−$8.2K −$5.10/SF
NOI
$24.5K $15.30/SF
Area
Ocean County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$489,600
Cap Rate 7%
$349,714
Cap Rate 9%
$272,000
Alternative Uses
Best Use
Office B
$349.7K
$306.0K – $408.0K
NOI $24,480 @ 7.0% cap · market cap 5.76%
Second Best
Retail
$326.2K
$285.5K – $380.6K
NOI $22,837 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$417.8K
$365.6K – $487.4K
NOI $29,245 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
Explore this area
Business Placement
Demographics for 08087, NJ
25,191
Population
12,982
Households
1.9
Avg Household Size
49
Median Age
28%
College-Educated
94%
High-School Grad
70.1 sq mi
ZIP Area
359
Density / Sq Mi
$87,449
Median Household Income
$47,779
Median Earnings
$1,760
Median Rent
$323,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Commercial land - Commercial property with buildings, high visibility, and expansion potential.
Where is this commercial land located?
The property is located at 696 Route 9 S Tuckerton, NJ.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: High‑visibility location with 250 feet of frontage on Route 9 and over 10,000 cars per day traffic count.; Zoned HB (Highway Business) with numerous permitted uses.; Approximately one acre of commercial ground with existing buildings suitable for renovation or expansion.
