Three-Unit Mixed-Use Commercial
For Sale
$799,900
1409 1409- Nw Central Ave, Seaside Park, NJ 08752
Three distinct commercial units combine a yoga studio, food-service layout, and professional office configuration near coastal amenities.
Property Size2,600 SF
Price / SF$307.65
Days on Market80
Property Features for 1409 1409- Nw Central Ave
General Information
Standard status
Active
Size
2,600 SF
Zoning
Mixed Use
Property Condition
Severity
Repairs Needed
Evidence
dated finishes and is in need of updates
Additional Details
Utilities to Site
Yes
Commercial Hood
Yes
Office Units
1
Building Details
Year Built
1950
Buildings
1
Tenancy
Multi
Listing Agency:
RE/MAX at Barnegat Bay - Toms River
Listed By:
Susan Lucas-Sterling · License #9799761
(732) 473-1700
Source:
Elkaimpropertygroup
Added: Jul 29
Changed: Oct 8
Last Checked: Oct 16 at 10:38AM
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 RE/MAX at Barnegat Bay - Toms River
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Investment Insights
Based on property information with market context.
This 2,600-square-foot mixed-use commercial building contains three separately configured units. One is occupied by an established yoga studio, while another retains the counter and commercial hood from its former luncheonette layout. The third is arranged as a professional office and has dated finishes requiring updates. The property was built in 1950 and includes central air conditioning, furnaces, and recently updated electrical service.
Located one block from the beach, boardwalk, and bay in Seaside Park, the building is zoned Mixed Use. Municipal approvals may allow consideration of a single-family home or duplex conversion. The existing unit mix and varied improvements support continued commercial use, subject to applicable approvals and requirements.
Located one block from the beach, boardwalk, and bay in Seaside Park, the building is zoned Mixed Use. Municipal approvals may allow consideration of a single-family home or duplex conversion. The existing unit mix and varied improvements support continued commercial use, subject to applicable approvals and requirements.
Key Highlights
- 2,600‑square‑foot mixed‑use commercial building with 3 separate units
- One block from the beach, boardwalk, and bay in Seaside Park
- Established yoga studio occupies one commercial unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,780
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$795,600
$795.6K
Cap Rate 7%
$568,286
$568.3K
Cap Rate 9%
$442,000
$442.0K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$78.0K $30.00/SF
− Vacancy
−$25.0K −$9.60/SF
EGI
$53.0K $20.40/SF
− OpEx
−$13.3K −$5.10/SF
NOI
$39.8K $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%
$795,600
Cap Rate 7%
$568,286
Cap Rate 9%
$442,000
Alternative Uses
Best Use
Office B
$568.3K
$497.3K – $663.0K
NOI $39,780 @ 7.0% cap · market cap 4.97%
Second Best
Mixed Use
$429.0K
$375.4K – $500.5K
NOI $30,030 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$678.9K
$594.1K – $792.1K
NOI $47,524 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Yes
Utilities to site
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
403
Businesses Nearby
Explore this area
Business Placement
Demographics for 08752, NJ
1,961
Population
4,137
Households
0.5
Avg Household Size
61
Median Age
55%
College-Educated
99%
High-School Grad
4.8 sq mi
ZIP Area
409
Density / Sq Mi
$75,865
Median Household Income
$49,150
Median Earnings
$1,402
Median Rent
$779,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three distinct commercial units combine a yoga studio, food-service layout, and professional office configuration near coastal amenities.
Where is this mixed-use property located?
The property is located at 1409 1409- Nw Central Ave Seaside Park, NJ.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 2,600‑square‑foot mixed‑use commercial building with 3 separate units; One block from the beach, boardwalk, and bay in Seaside Park; Established yoga studio occupies one commercial unit
