Highway Commercial Zoned Land

182 State Route 31 Hampton, NJ 08827

Claim this Listing
For Sale
$299,900

Highway Commercial property suitable for retail, office, or trades.

Type:Commercial
Property size:
1,200 SF
Lot size:
0.41 Acres
Price / SF:
$249/SF
Added:
Nov 6, 2025
Days on Market:
246
Last Refresh:
Apr 5 at 9:19 pm

Property Features for 182 State Route 31

General Information

Standard status
Active
Size
1,200 SF
Lot size
0.41 Acres
Property subtype
Commercial

Building Details

Year Built
1940

Listing office REAL

Listing date Nov 6, 2025

Source Corcoran

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 REAL


Investment Insights

Based on property information with market context.

This property is zoned Highway Commercial and offers a suitable location for a tradesman. The zoning permits over 60 retail, office, trades, garage, and business uses. Currently used as a single-family home, it is ideal for home occupation. The property has a depth of over 300 feet. The house is in good condition but requires updating and is being sold as is. The property size is 1200 square feet.

Key Highlights

  • Highway Commercial zoning allows for over 60 permitted uses.
  • Ideal for home occupation.
  • Great location for a tradesman.

Local Financial Insights For Office B

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 $36.0k $30.00
− Vacancy −$11.5k −$9.60
EGI $24.5k $20.40
− OpEx −$6.1k −$5.10
NOI $18.4k $15.30
1,200 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$262.3K
$229.5K – $306.0K (±1% cap)
NOI $18,360 @ 7.0% cap · market cap 6.12%
Second Best
Retail
$244.7K
$214.1K – $285.5K (±1% cap)
NOI $17,128 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$313.3K
$274.2K – $365.6K (±1% cap)
NOI $21,934 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Dental Office Big Box & Wholesale Store Law Firm Hair Salon HVAC Service Restaurant Parking Lot & Garage Building Supply Nail Salon Furniture & Home Goods

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

FAQs

What type of property is this?
Commercial land - Highway Commercial property suitable for retail, office, or trades.
Where is this commercial land located?
The property is located at 182 State Route 31 Hampton, NJ.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Highway Commercial zoning allows for over 60 permitted uses.; Ideal for home occupation.; Great location for a tradesman.
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