Mixed-Use Property with Retail and
For Sale
$1,099,000
3103 Veeder Avenue Unit 3103, Toms River, NJ 08753
A maintained mixed-use building with first-floor retail, renovated residential units, and yard space leased for vehicles.
Property Size2,432 SF
Price / SF$451.89
Days on Market88
Property Features for 3103 Veeder Avenue Unit 3103
General Information
Standard status
Active
Size
2,432 SF
Property subtype
Mixed Use
Occupancy
100%
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Building Details
Year Built
1970
Tenancy
Multi
Listing Agency:
1-2-3 REALTORS
(732) 341-8840
Listed By:
Robert Bornstein
(732) 341-8840
Source:
Xome
Added: May 11
Changed: Jul 10
Last Checked: Jul 16 at 7:34AM
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.
This exquisitely maintained multi-use property includes two renovated residential units and a first-floor retail space. The retail unit is leased to a long-term tenant operating a bar tending school and boat detailing business. In addition, the property offers 3,600 square feet of yard rental space leased to a single tenant for vehicles. Recent improvements include a new roof, new vinyl siding and gutters, new electrical service, new windows, new vinyl fencing and exterior lighting, and wireless security cameras, among other upgrades. A complete lease and property abstract is available upon request, and supporting documents such as a survey and lead-free certificate are on file.
The property is located on Veeder Avenue in Toms River, New Jersey. It is described as fully leased, with a documented track record, and provides dedicated outdoor yard rental tied to the existing tenant setup. Owner financing is available to qualified purchasers with a minimum 20% down payment.
For buyers or operators seeking a mixed-use asset with residential income, a retail component, and dedicated vehicle yard rental, this configuration offers multiple income-producing elements within one property. The extensive list of recent exterior and systems upgrades may support straightforward physical maintenance going forward. Lease documentation is available through the listing, and additional property materials are provided with the listing on request.
The property is located on Veeder Avenue in Toms River, New Jersey. It is described as fully leased, with a documented track record, and provides dedicated outdoor yard rental tied to the existing tenant setup. Owner financing is available to qualified purchasers with a minimum 20% down payment.
For buyers or operators seeking a mixed-use asset with residential income, a retail component, and dedicated vehicle yard rental, this configuration offers multiple income-producing elements within one property. The extensive list of recent exterior and systems upgrades may support straightforward physical maintenance going forward. Lease documentation is available through the listing, and additional property materials are provided with the listing on request.
Key Highlights
- 1970‑built mixed‑use property with first‑floor retail, (2) renovated residential units, and off‑street parking
- First‑floor retail leased long term as a Bar Tending School & Boat Detailing business
- Includes 3,600 SF of yard rental leased to a single tenant for vehicles
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
Explore this area
Business Placement
Demographics for 08753, NJ
64,369
Population
27,900
Households
2.3
Avg Household Size
42
Median Age
36%
College-Educated
94%
High-School Grad
23.0 sq mi
ZIP Area
2,799
Density / Sq Mi
$101,648
Median Household Income
$54,291
Median Earnings
$1,742
Median Rent
$377,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A maintained mixed-use building with first-floor retail, renovated residential units, and yard space leased for vehicles.
Where is this mixed-use property located?
The property is located at 3103 Veeder Avenue Unit 3103 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: 1970‑built mixed‑use property with first‑floor retail, (2) renovated residential units, and off‑street parking; First‑floor retail leased long term as a Bar Tending School & Boat Detailing business; Includes 3,600 SF of yard rental leased to a single tenant for vehicles
