Multi-Use Retail and Residential
3103 Veeder Avenue Toms River, NJ 08753
3103 Veeder Avenue, Toms River, NJ, 08753
$1,099,000
For Sale
$1,099,000
COMMERCIAL - Toms River, NJ
Property Size2,432 SF
Lot Size0.34 Acres
Price / SF$451.89
Days on Market46
Property Features for 3103 Veeder Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- Parking Lot, Off Street
- Standard status
- Active
- APN
- 08-01108-25-00022
- Size
- 2,432 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6653
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1970
- Floors in Building
- 2
- Flooring type
- Concrete, Vinyl, Wood
- Building materials
- Block
Listing Agency
1-2-3 REALTORS
(732) 341-8840
1851 Hooper Ave, Suite B6, Toms River, NJ
Listed by
Robert G Bornstein
(732) 341-8840
Added: Jun 5 Updated: Jun 10 at 12:31 pm Checked: Jul 20 at 2:06 pm
MLS# 22616831
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 3103 Veeder Avenue in Toms River, NJ, this fully leased multi-use property includes two renovated residential units and first-floor retail. The retail space is operated by a long-term tenant as a bar tending school and boat detailing business, and the property also offers yard rental space under lease to a single tenant for vehicle use.
The property has undergone numerous recent upgrades, including 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. The listing notes that a complete lease and property abstract are available with the listing on request, and owner financing is available to qualified purchasers with a minimum 20% down payment.
The property has undergone numerous recent upgrades, including 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. The listing notes that a complete lease and property abstract are available with the listing on request, and owner financing is available to qualified purchasers with a minimum 20% down payment.
Key Highlights
- (2) renovated residential units plus 1st‑floor retail space
- Retail currently operated by a long‑term tenant as a bar tending school and boat detailing business
- Includes 3,600 SF yard rental to a single tenant for vehicle storage
Local 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
Property Profile
Location Intelligence
Current Use by Public Records
Art of Bartending
Vocational School
Walt Singer Boat ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Fully leased multi-use building with first-floor retail, two renovated residential units, and yard rental space for vehicles.
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: (2) renovated residential units plus 1st‑floor retail space; Retail currently operated by a long‑term tenant as a bar tending school and boat detailing business; Includes 3,600 SF yard rental to a single tenant for vehicle storage
