Former Service Station Retail
401 Richmond Avenue Point Pleasant Beach, NJ 08742
401 Richmond Avenue, Point Pleasant Beach, NJ, 08742
$1,200,000
For Sale
$1,200,000
Former service station offered for general commercial use, sold as-is, with options for adaptive reuse or redevelopment.
Property Size3,378 SF
Price / SF$355.24
Days on Market504
Property Features for 401 Richmond Avenue
General Information
- Standard status
- Active
- Size
- 3,378 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1990
Listing agency
Real Broker,LLC- Red Bank
Listed by
Juan Sardo
(833) 740-1234
Source
Actionplusrealty
Added: Mar 6, 2025 Updated: Jul 22 at 4:53PM Checked: Jul 22 at 4:53PM
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 Real Broker,LLC- Red Bank
Investment Insights
Based on property information with market context.
The property is a former service station presented for redevelopment or reuse, and is zoned for general commercial use. It is being sold as-is, giving the next owner flexibility to customize the space for a new concept or to pursue a demolition and ground-up approach.
Located at 401 Richmond Avenue in Point Pleasant Beach, the site benefits from a downtown setting and the visibility associated with a commercial corridor.
While the existing configuration reflects its prior use as a service station, the property is now positioned as a blank canvas for a new retail or office-style layout, or for an automotive or contractor-related operation, subject to applicable approvals.
Located at 401 Richmond Avenue in Point Pleasant Beach, the site benefits from a downtown setting and the visibility associated with a commercial corridor.
While the existing configuration reflects its prior use as a service station, the property is now positioned as a blank canvas for a new retail or office-style layout, or for an automotive or contractor-related operation, subject to applicable approvals.
Key Highlights
- Former service station built in 1990
- Zoned for general commercial use
- Sold as‑is, with flexibility for adaptive reuse or redevelopment
Local Financial Insights For Specialty Retail
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 | $73.0k | $21.60 |
| − Vacancy | −$4.1k | −$1.21 |
| EGI | $68.9k | $20.39 |
| − OpEx | −$17.2k | −$5.10 |
| NOI | $51.7k | $15.29 |
3,378 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$738.0K
$645.7K – $861.0K
NOI $51,659 @ 7.0% cap · market cap 4.30%
Second Best
Retail
$688.8K
$602.7K – $803.6K
NOI $48,215 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$882.1K
$771.8K – $1.03M
NOI $61,744 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Gas stations
Similar For Sale Nearby
FAQs
What type of property is this?
Gas station - Former service station offered for general commercial use, sold as-is, with options for adaptive reuse or redevelopment.
Where is this gas station located?
The property is located at 401 Richmond Avenue Point Pleasant Beach, NJ.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Former service station built in 1990; Zoned for general commercial use; Sold as‑is, with flexibility for adaptive reuse or redevelopment
