Fully Leased Mixed-Use Income
3103 Veeder Avenue Toms River, NJ 08753
For Sale
$1,099,000
Includes two renovated residences, first-floor retail, and a leased vehicle yard with recent exterior and systems upgrades.
Property Size2,432 SF
Price / SF$451.89
Days on Market101
Property Features for 3103 Veeder Avenue
General Information
- Standard status
- Active
- Size
- 2,432 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1970
Listing Agency:
1-2-3 REALTORS
Listed By:
Robert G Bornstein
(833) 740-1234
Source:
Actionplusrealty
Added: Apr 17
Changed: Jul 25
Last Checked: Jul 25 at 2:20AM
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 1-2-3 REALTORS
Investment Insights
Based on property information with market context.
Exquisitely maintained multi-use property in Toms River with documented leases and a fully leased operating setup. The building includes (2) renovated residential units and 1st floor retail space currently operated as a Bar Tending School and Boat Detailing business. The property also includes 3600 square feet of yard rental under lease to a single tenant for vehicles.
Recent upgrades and improvements include a new roof, new vinyl siding and gutters, new electrical service, all new windows, new vinyl fencing and exterior lighting, and new wireless security cameras, among other improvements. A complete lease and property abstract, along with available documentation such as a survey and Lead Free Certificate, is on file with the listing.
Owner financing is available to qualified purchasers with a minimum 20% down payment.
Recent upgrades and improvements include a new roof, new vinyl siding and gutters, new electrical service, all new windows, new vinyl fencing and exterior lighting, and new wireless security cameras, among other improvements. A complete lease and property abstract, along with available documentation such as a survey and Lead Free Certificate, is on file with the listing.
Owner financing is available to qualified purchasers with a minimum 20% down payment.
Key Highlights
- Multi‑use property with (2) renovated residential units, 1st‑floor retail, and a leased vehicle yard, built in 1970
- Fully leased with documented track record; complete lease & property abstract included with listing on request
- Retail space on the 1st floor leased to a long‑term tenant operating as a Bar Tending School & Boat Detailing business
Financial Insights For Multifamily LT 5
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 | $62.2k | $25.56 |
| − Vacancy | −$4.0k | −$1.65 |
| EGI | $58.1k | $23.91 |
| − OpEx | −$17.4k | −$7.17 |
| NOI | $40.7k | $16.74 |
2,432 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$581.5K
$508.8K – $678.4K
NOI $40,702 @ 7.0% cap · market cap 3.70%
Second Best
Apartment 5plus
$534.3K
$467.5K – $623.3K
NOI $37,399 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$635.0K
$555.7K – $740.9K
NOI $44,453 @ 7.0% cap · market cap 4.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Art of Bartending
Vocational School
Walt Singer Boat ...
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Duplex - Includes two renovated residences, first-floor retail, and a leased vehicle yard with recent exterior and systems upgrades.
Where is this duplex located?
The property is located at 3103 Veeder Avenue Toms River, NJ.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Multi‑use property with (2) renovated residential units, 1st‑floor retail, and a leased vehicle yard, built in 1970; Fully leased with documented track record; complete lease & property abstract included with listing on request; Retail space on the 1st floor leased to a long‑term tenant operating as a Bar Tending School & Boat Detailing business
