Mixed-Use Building Near
1409-1411 NW Central Avenue Seaside Park, NJ 08752
1409-1411 NW Central Avenue, Seaside Park, NJ, 08752
$799,900
For Sale
$799,900
Three-unit commercial building near beach with redevelopment potential.
Property Size2,600 SF
Lot Size0.11 Acres
Price / SF$307.65
Days on Market180
Property Features for 1409-1411 NW Central Avenue
General Information
- Standard status
- Active
- Size
- 2,600 SF
- Lot size
- 0.11 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing Agency
RE/MAX AT BARNEGAT BAY
(732) 473-1700
Listed by
SUSAN LUCAS-STERLING · License #9799761
Source
Corcoran
Added: Jan 22 Updated: Jul 10 at 12:57 pm Checked: Jul 20 at 4:07 am
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
Investment Insights
Based on property information with market context.
This versatile three-unit mixed-use commercial building is ideally located just one block from the beach, boardwalk, and bay in Seaside Park. The property consists of three separate units: an established yoga studio, a former luncheonette with a counter and commercial hood still in place, and an office unit currently configured for professional use. The office space features dated finishes and is in need of updates, presenting clear value-add potential. Recent improvements include updated electrical service, central air conditioning, and furnaces. Zoned Mixed Use, the property allows for a variety of commercial uses and may offer redevelopment potential, including possible conversion to a single-family home or duplex, subject to municipal approvals. It is excellent for investors or owners.
Key Highlights
- Prime location: Just one block from the beach, boardwalk, and bay.
- Mixed‑use zoning: Allows for various commercial uses and redevelopment potential.
- Three separate units: Featuring an established yoga studio, former luncheonette, and office unit.
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 | $56.2k | $21.60 |
| − Vacancy | −$3.1k | −$1.21 |
| EGI | $53.0k | $20.39 |
| − OpEx | −$13.3k | −$5.10 |
| NOI | $39.8k | $15.29 |
2,600 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$568.3K
$497.3K – $663.0K
NOI $39,780 @ 7.0% cap · market cap 4.97%
Second Best
Specialty Retail
$568.0K
$497.0K – $662.7K
NOI $39,761 @ 7.0% cap · market cap 4.97%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Three-unit commercial building near beach with redevelopment potential.
Where is this mixed-use property located?
The property is located at 1409-1411 NW Central Avenue 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: Prime location: Just one block from the beach, boardwalk, and bay.; Mixed‑use zoning: Allows for various commercial uses and redevelopment potential.; Three separate units: Featuring an established yoga studio, former luncheonette, and office unit.
