Corner Property in Redevelopment
271 Atlantic Ave Columbus, NJ
271 Atlantic Ave, Columbus, NJ, 00000
Contact for pricing
For Sale
Contact for pricing
Prime corner property in Columbus Village redevelopment area for sale.
Property Size1,458 SF
Lot Size0.49 Acres
Price / SF$342.25
Days on Market363
Property Features for 271 Atlantic Ave
General Information
- Standard status
- Active
- Size
- 1,458 SF
- Lot size
- 0.49 Acres
- Property subtype
- RETAIL
Listing Agency
Bennett Realty & Development
(732) 444-2449
Listed by
Joel Dicker · License #0560893
Source
Moodyscre
Added: Jul 24, 2025 Updated: Jul 6 at 10:14 am Checked: Jul 20 at 3:27 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 Bennett Realty & Development
Investment Insights
Based on property information with market context.
This 1,458-square-foot corner property is situated at the intersection of Atlantic Avenue and W. Main Street, next to the US Postal Service. The property, zoned C-1, is located within the Columbus Village Redevelopment Area and includes a full basement. The irregularly shaped parcel spans 0.42 acres. The property can be delivered leased or vacant. The current tenant's lease expires on 12/31/25, with the tenant expressing interest in extending the lease.
Key Highlights
- Prime corner location on Atlantic Avenue and W. Main Street.
- Zoned C‑1, suitable for various commercial uses.
- Located in the Columbus Village Redevelopment Area.
Local Financial Insights For 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 | $32.7k | $22.44 |
| − Vacancy | −$1.6k | −$1.08 |
| EGI | $31.1k | $21.36 |
| − OpEx | −$9.3k | −$6.41 |
| NOI | $21.8k | $14.95 |
1,458 SF · lease $22.44/SF/yr · vacancy 4.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$311.5K
$272.5K – $363.4K
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
NOI $213,457 @ 7.0% cap · market cap 42.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
New Hong Kong
Restaurant
Similar Off Market Nearby
- Miss Bee Haven Florist — 266 Atlantic Ave, Columbus, NJ 08022
FAQs
What type of property is this?
Storefront property - Prime corner property in Columbus Village redevelopment area for sale.
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: Prime corner location on Atlantic Avenue and W. Main Street.; Zoned C‑1, suitable for various commercial uses.; Located in the Columbus Village Redevelopment Area.
