Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Freestanding Retail Building For Sale Title is generated by Realmo AI

    300 Richmond Ave, Point Pleasant Beach, NJ 08742

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,000,000

    Retail building on high-volume corridor, gateway to Point Pleasant Beach.

    Type:Retail
    Property size:
    10,188 SF
    Price / SF:
    $196/SF
    Added:
    Nov 21, 2025
    Days on Market:
    181
    Last Refresh:
    Jan 11 at 8:52 pm

    Property Features for 300 Richmond Ave

    General Information

    Standard status
    Active
    Size
    10,188 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Elizabeth W Conroy
    Elizabeth W Conroy

    Listing agent Elizabeth W Conroy License #0225193040

    Listing office Serhant

    Listing date Nov 21, 2025

    Source Sitarcompany

    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 Serhant

    HighLights

    • High visibility location on Richmond Avenue (Route 35) with high‑volume year‑round traffic.
    • Easily accessible from multiple major highways: 88, 70, 34, 195, 18, and the Garden State Parkway.
    • Located at the gateway to Point Pleasant Beach.
    • Zoned HC - Highway Commercial, offering a wide range of permitted uses.
    • Multiple signs on the building and pylon for increased exposure.
    • Located between two double lanes off Rt.35 north and south

    Overview

    This freestanding retail building is located on Richmond Avenue, also known as Route 35, and is easily accessible from Highways 88, 70, 34, 195, 18, and the Garden State Parkway. Situated between two double lanes off Route 35 north and south, the property benefits from high visibility from both directions. The location is a high-volume, year-round corridor and serves as a gateway to Point Pleasant Beach. Multiple signs are present on the building and pylon. The property is zoned HC - Highway Commercial, and permitted uses are detailed under the documents tab on the property website. A survey is also available under the documents tab. Property taxes are $18,898 for 2024. The property size is 10,188 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Globetrotter Home Decor Store Antique shop Spiritual Center

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Flowers by Melinda too — 726 arnold ave c, point pleasant beach, nj 08742

    Location Insight

    • Map
    • Local Demand
    City
    Point Pleasant Beach
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.0501
    Latitude
    40.0961

    Nearby Similar for Sale

    • $1,599,900
      3,229 SF

      Multi-Use Building in Point Pleasant

      Multi-use building in vibrant downtown Point Pleasant Beach.
      517-521 Bay Avenue, Point Pleasant Beach, NJ 08742
      View Details
    • $975,000
      1,410 SF

      Ocean View Multifamily Near Boardwalk

      Multifamily property with ocean views, near Jenkinson's Boardwalk.
      145 Ocean Avenue, Point Pleasant Beach, NJ 08742
      View Details
    • $459,000
      668 SF

      Renovated Condo Near Point Pleasant Beach

      Completely renovated first-floor condo, one block from the beach.
      310 Maryland Avenue, Point Pleasant Beach, NJ 08742
      View Details
    • $1,200,000
      3,378 SF

      Point Pleasant Beach Commercial Opportunity

      Commercial property in downtown Point Pleasant Beach, zoned for general commercial.
      401 Richmond Avenue, Point Pleasant Beach, NJ 08742
      View Details
    • $1,499,900
      2,380 SF

      Mixed-Use Building in Point Pleasant

      Multi-use building with retail space and apartments in downtown.
      523-525 Bay Avenue, Point Pleasant Beach, NJ 08742
      View Details
    • $1,799,000
      2,953 SF

      Turnkey Multifamily Near the Beach

      Four units near the beach with strong income potential.
      140 Ocean Avenue, Point Pleasant Beach, NJ 08742
      View Details
    • $1,800,000
      7,956 SF

      Point Pleasant Beach Investment Opportunity

      Mixed-use property with retail and residential units in downtown.
      511 Bay Avenue, Point Pleasant Beach, NJ 08742
      View Details
    • $10,500,000
      10,868 SF

      Oceanfront Motel with Development Potential

      Prime coastal motel property with 44 rooms and development potential.
      1008 Ocean Avenue, Point Pleasant Beach, NJ 08742
      View Details
    • $875,000

      Leased Retail Investment Opportunity

      Fully leased retail property on a busy road.
      234 Hawthorne Avenue, Point Pleasant Beach, NJ 08742
      View Details
    • $1,000,000

      Established Brokerage Business Opportunity

      Real estate brokerage business with listings for sale.
      1010 Gowdy Ave, Point Pleasant Beach, NJ 08742
      View Details
    • $150,000

      Point Pleasant Beach Restaurant Business

      Restaurant business with ocean views and state-of-the-art kitchen.
      1100 Ocean Avenue, Point Pleasant Beach, NJ 08742
      View Details
    • $574,900
      484 SF

      Prime Mixed-Use Location Near Boardwalk

      Mixed-use property steps from the shoreline and boardwalk.
      216 Ocean Avenue, Point Pleasant Beach, NJ 08742
      View Details

    FAQs

    What type of property is this?
    Storefront property - Retail building on high-volume corridor, gateway to Point Pleasant Beach.
    Where is this storefront property located?
    The property is located at 300 Richmond Ave Point Pleasant Beach, NJ.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: High visibility location on Richmond Avenue (Route 35) with high‑volume year‑round traffic.; Easily accessible from multiple major highways: 88, 70, 34, 195, 18, and the Garden State Parkway.; Located at the gateway to Point Pleasant Beach.
    (202) 441-3630
    We can help!
    Listing Contact
    Elizabeth W Conroy
    Elizabeth W Conroy
    Real Estate License ID: 0225193040
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    300 Richmond Ave, Point Pleasant Beach, NJ 08742
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!