255 Route 37 E Toms River, NJ 08753

This approved, Class-A self-storage development opportunity is located in Ocean County, within a growing community characterized by high market rents. The site has approvals for constructing a three-story, climate-controlled building with 76,000 gross square feet, along with an additional 12,640 square feet of exterior drive-up units and 8,500 square feet of exterior parking. Upon completion, the facility will offer approximately 71,190 net rentable square feet. Previously used for off-site vehicle storage by an automobile dealership, the 3.7-acre property is located in a Highway Business Zone (HB) zoning district, where self-storage is permitted as-of-right. The proposed development satisfies all land-use and zoning parameters set forth by the HB zoning ordinance, with a maximum height of 45 feet and a maximum building coverage ratio of 25%. Site plan approval has been granted by the township of Toms River, New Jersey. Toms River township is a bedroom suburb of New York City and a regional commercial hub in central New Jersey. The area hosts more than 75,000 people within 3 miles, with average household incomes around $150,000. The property benefits from high traffic counts of approximately 38,000 vehicles daily and has roughly 200 feet of frontage on Route 37, which serves as the major east-west route through the Toms River area and the main route to the Barnegat Peninsula.