Waterfront Retail and Office
2715 Hooper Avenue Brick, NJ 08723
2715 Hooper Avenue, Brick, NJ, 08723
$834,000
For Sale
$834,000
Waterfront shopping plaza with seven retail storefronts and four second-floor office suites, plus separate entrance and exit access.
Property Size4,400 SF
Price / SF$189.55
Days on Market221
Property Features for 2715 Hooper Avenue
General Information
- Standard status
- Active
- Size
- 4,400 SF
- Property subtype
- Commercial
Listing Agency
Keller Williams Shore Properties
Listed by
Yehuda Neustadt
(833) 740-1234
Source
Actionplusrealty
Added: Dec 12, 2025 Updated: Jul 20 at 2:03 am Checked: Jul 20 at 2:03 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 Keller Williams Shore Properties
Investment Insights
Based on property information with market context.
This waterfront shopping plaza in Brick, NJ includes seven retail storefronts and four second-floor office suites with water views. The property provides separate entrance and exit points and strong accessibility for customer and tenant circulation. Ample on-site parking supports day-to-day use, with a total of approximately 4,400 square feet of rentable space.
Public remarks indicate the plaza benefits from high exposure from approximately 25,000 vehicles per day. All current tenants are described as operating on month-to-month leases, which may allow for greater flexibility regarding future rental terms.
The asset is positioned as a combined retail and office offering, with storefront frontage at grade and office space on the second floor.
Public remarks indicate the plaza benefits from high exposure from approximately 25,000 vehicles per day. All current tenants are described as operating on month-to-month leases, which may allow for greater flexibility regarding future rental terms.
The asset is positioned as a combined retail and office offering, with storefront frontage at grade and office space on the second floor.
Key Highlights
- Waterfront shopping plaza with seven retail storefronts and four second‑floor office suites
- Approximately 4,400 sq ft of total rentable space across retail and office uses
- Separate entrance and exit access with strong accessibility and high traffic visibility
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 | $132.0k | $30.00 |
| − Vacancy | −$42.2k | −$9.60 |
| EGI | $89.8k | $20.40 |
| − OpEx | −$22.4k | −$5.10 |
| NOI | $67.3k | $15.30 |
4,400 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$961.7K
$841.5K – $1.12M
NOI $67,320 @ 7.0% cap · market cap 8.07%
Second Best
Retail
$897.2K
$785.0K – $1.05M
NOI $62,802 @ 7.0% cap · market cap 7.53%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,425 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
Similar For Sale Nearby
Similar Off Market Nearby
- Kennedy Mall — 5 Kennedy Mall, Brick Township, NJ 08723
- Boulevard Square — 515 Brick Blvd, Brick Township, NJ 08723
- Gnc Home Decor — 491 Brick Blvd, Brick Township, NJ 08723
- Town Hall Shoppes — 990 Cedar Bridge Ave, Brick Township, NJ 08723
- Riverwalk at Brick — 2770 Hooper Ave, Brick Township, NJ 08723
FAQs
What type of property is this?
Shopping center - Waterfront shopping plaza with seven retail storefronts and four second-floor office suites, plus separate entrance and exit access.
Where is this shopping center located?
The property is located at 2715 Hooper Avenue Brick, NJ.
What is the asking price?
The asking price for this property is $834,000.
What are key features of this property?
This property features: Waterfront shopping plaza with seven retail storefronts and four second‑floor office suites; Approximately 4,400 sq ft of total rentable space across retail and office uses; Separate entrance and exit access with strong accessibility and high traffic visibility
