Listing Agency: Bennett Realty & Development Show Phone

Listed By: Joel Dicker · License #0560893 Show Phone

Source: Moodyscre

Added: Jul 24, 2025 Changed: Oct 7 Last Checked: Oct 16 at 11:37AM

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Investment Insights

Based on property information with market context.

This storefront property includes 1,458 square feet and a full basement on a 0.42-acre irregularly shaped parcel. The asset can be delivered with a tenant in place or vacant, offering two distinct occupancy scenarios. The current lease expires 12/31/25, and the tenant has expressed interest in extending.

The property occupies the corner of Atlantic Avenue and W. Main Street in Columbus, next to the US Postal Service. It is zoned C-1 and lies within the Columbus Village Redevelopment Area. The corner setting and existing storefront configuration provide a clear retail-oriented commercial footprint.

Key Highlights

• 1,458 SF storefront with full basement
• 0.42‑acre irregularly shaped parcel
• Corner of Atlantic Avenue and W. Main Street

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,803

Cap Rate

4.37%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$436,060 $436.1K

Cap Rate 7%

$311,471 $311.5K

Cap Rate 9%

$242,256 $242.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,458 SF

Gross rent

$32.7K $22.44/SF

− Vacancy

−$1.6K −$1.08/SF

EGI

$31.1K $21.36/SF

− OpEx

−$9.3K −$6.41/SF

NOI

$21.8K $14.95/SF

Area

Burlington County, NJ

Vacancy

4.80%

Lease Rate

$22.44 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$436,060

Cap Rate 7%

$311,471

Cap Rate 9%

$242,256

Alternative Uses

Best Use

Retail

$311.5K

$272.5K – $363.4K (±1% cap)

NOI $21,803 @ 7.0% cap · market cap 4.37%

Second Best

—

—

no second resolved use

Theoretical Best

Warehouse

$3.05M

$2.67M – $3.56M (±1% cap)

NOI $213,457 @ 7.0% cap · market cap 42.78%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

New Hong Kong Restaurant

Suggested Use

Top Pick Auto Repair Shop Parking Lot & Garage Bakery Pharmacy (Bike/Boat/Book/etc) Store Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

542

Businesses Nearby

1k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 100%

New Hong Kong Dining

1,294 visits/mo 0.1 miles

Demographics for 08022, NJ

9,025

Population

3,709

Households

2.4

Avg Household Size

52

Median Age

42%

College-Educated

95%

High-School Grad

21.3 sq mi

ZIP Area

424

Density / Sq Mi

$118,558

Median Household Income

$73,750

Median Earnings

$1,971

Median Rent

$394,900

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Storefront property - C-1 zoning, basement space, and leased-or-vacant delivery provide flexible occupancy options.

Where is this storefront property located?

The property is located at 271 Atlantic Ave Columbus, NJ.

What is the asking price?

The asking price for this property is $499,000.

What are key features of this property?

This property features: 1,458 SF storefront with full basement; 0.42‑acre irregularly shaped parcel; Corner of Atlantic Avenue and W. Main Street