Mixed-Use Property with Commissary
346 Drum Point Road Brick, NJ 08723
346 Drum Point Road, Brick, NJ, 08723
$2,800,000
For Sale
$2,800,000
Mixed-use property with two apartments and two commissary kitchens, plus two drive-in garage doors and additional storage.
Property Size10,000 SF
Lot Size0.51 Acres
Price / SF$280
Days on Market163
Property Features for 346 Drum Point Road
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Lot size
- 0.51 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2026
Listing Agency
J Elkon Realty LLC
Listed by
Julie Elkon
(833) 740-1234
Source
Actionplusrealty
Added: Feb 4 Checked: Jul 17 at 2:15 am
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 J Elkon Realty LLC
Investment Insights
Based on property information with market context.
This versatile mixed-use property offers approximately 10,000 sq ft of space on a 22,000 sq ft lot. The building includes two residential apartments and two commissary kitchens, suited to a range of operational needs. Additional functionality is provided by two drive-in garage doors and added storage space.
The property is located at 346 Drum Point Road in Brick, NJ (08723). Its layout supports both residential use and business operations within the same facility.
With two independent kitchen areas and drive-in access for loading and logistics, the configuration is designed to support flexible live/work or income-oriented use cases, subject to buyer and lender requirements.
The property is located at 346 Drum Point Road in Brick, NJ (08723). Its layout supports both residential use and business operations within the same facility.
With two independent kitchen areas and drive-in access for loading and logistics, the configuration is designed to support flexible live/work or income-oriented use cases, subject to buyer and lender requirements.
Key Highlights
- Mixed‑use property with two residential apartments and approx. 10,000 sq ft of space
- Two commissary kitchens included, suited for a variety of business uses
- Two drive‑in garage doors for loading, operations, and logistics
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 |
10,000 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.39M
$2.09M – $2.79M
NOI $167,362 @ 7.0% cap · market cap 5.98%
Second Best
Apartment 5plus
$2.20M
$1.92M – $2.56M
NOI $153,780 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$2.61M
$2.28M – $3.05M
NOI $182,784 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with two apartments and two commissary kitchens, plus two drive-in garage doors and additional storage.
Where is this mixed-use property located?
The property is located at 346 Drum Point Road Brick, NJ.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Mixed‑use property with two residential apartments and approx. 10,000 sq ft of space; Two commissary kitchens included, suited for a variety of business uses; Two drive‑in garage doors for loading, operations, and logistics
