346 Drum Point Road Unit 346, Brick, NJ 08723
Live-work flexibility with apartments, commissary kitchens, and two drive-in garage doors for operations and storage.
- Added:
- Mar 10, 2026
- Days on Market:
- 98
- Last Refresh:
- Jun 14 at 1:45 am
Property Features for 346 Drum Point Road Unit 346
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Lot size
- 0.51 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 2026
Listing agent Julie Elkon License #1539500 (866) 201-6210
Listing office J Elkon Realty LLC (866) 201-6210
Listing date Mar 10, 2026
Source Xome
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All listing content including descriptions, pricing, images are the copyrighted material of J Elkon Realty LLC
HighLights
- Approximately 10,000 sq ft mixed‑use building on a 22,000 sq ft lot
- Includes two residential apartments
- Two commissary kitchens for business use
- Two drive‑in garage doors plus additional storage
- Parking for 16 vehicles
- Year built 2026; room refrigerig and heating listed as "3"
Overview
Located at 346 Drum Point Road Unit 346 in Brick, New Jersey 08723, the property’s combined residential and functional workspace layout provides an adaptable setup for buyers seeking an on-site live/work configuration.
For tenants, buyers, or operators, the key advantage is the blend of residential units with purpose-built kitchen amenities and warehouse-style access. The two drive-in doors and available storage can help streamline receiving, loading, and back-of-house workflows. The existing configuration supports multiple approaches, including live/work use or an investment structure that leverages both residential and operational components. Inquire with the broker regarding SBA loan options up to 100% for qualified buyers.
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 | $255.6k | $25.56 |
| − Vacancy | −$16.5k | −$1.65 |
| EGI | $239.1k | $23.91 |
| − OpEx | −$71.7k | −$7.17 |
| NOI | $167.4k | $16.74 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Shore Catering — 245 Drum Point Rd, Brick Township, NJ 08723
Location Insight
- Map
- Local Demand
- City
- Brick
- County
- Ocean
- State
- New Jersey
- Longitude
- -74.1105666
- Latitude
- 40.0402335
