Mixed-Use Property with
346 Drum Point Road Unit 346 Brick, NJ 08723
346 Drum Point Road Unit 346, Brick, NJ, 08723
$2,800,000
For Sale
$2,800,000
Live-work flexibility with apartments, commissary kitchens, and two drive-in garage doors for operations and storage.
Property Size10,000 SF
Lot Size0.51 Acres
Price / SF$280
Days on Market147
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 Agency
J Elkon Realty LLC
(732) 813-3400
Listed by
Julie Elkon · License #1539500
(732) 813-3400
Source
Xome
Added: Feb 20 Checked: Jul 16 at 7:09 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 includes approximately 10,000 sq ft of space on a 22,000 sq ft lot. The building features two residential apartments and two commissary kitchens, which can support a range of business and food-service adjacent uses. Additional improvements include two drive-in garage doors and extra storage space, designed to support day-to-day operations and logistics.
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.
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.
Key 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
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
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Shore Catering — 245 Drum Point Rd, Brick Township, NJ 08723
FAQs
What type of property is this?
Flex space - Live-work flexibility with apartments, commissary kitchens, and two drive-in garage doors for operations and storage.
Where is this flex space located?
The property is located at 346 Drum Point Road Unit 346 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: 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
