Retail Space Near Beach
New
For Sale
$799,000
410 SE Central Avenue #5, Seaside Park, NJ 08752
The 2023-built unit supports permitted retail or office use in a coastal business district.
Property Size2,091 SF
Price / SF$382.11
Days on Market7
Property Features for 410 SE Central Avenue #5
General Information
Standard status
Active
Size
2,091 SF
Property subtype
Commercial
Zoning
Coastal Business District
Additional Details
HOA Fee
$700
Taxes and HOA fees
Annual Taxes
$13,949
Amenities
Central air
Corner Lot
Central Air Cooling
On Street
Building Details
Year Built
2023
Listing Agency:
KELLER WILLIAMS SHORE PROPERTIES
(732) 797-9001
Listed By:
MICHAEL H LITTLE · License #9804215
(732) 267-3980
Source:
Corcoran
Added: Oct 16
Changed: Oct 21
Last Checked: Oct 20 at 9:02PM
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 KELLER WILLIAMS SHORE PROPERTIES
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Investment Insights
Based on property information with market context.
This 2,091-square-foot commercial unit was built in 2023 and is approved for retail and office uses. It is located in a Coastal Business District in Seaside Park, New Jersey, with area businesses including professional services, shops, dining, and real estate offices.
Ocean Avenue and beach access are approximately one block away. The property is also near Atlantic beaches, Barnegat Bay, and the boardwalk, with the Route 37 Bridge providing access toward Toms River and nearby Shore communities.
Ocean Avenue and beach access are approximately one block away. The property is also near Atlantic beaches, Barnegat Bay, and the boardwalk, with the Route 37 Bridge providing access toward Toms River and nearby Shore communities.
Key Highlights
- 2,091 square feet of commercial space
- Permitted retail and office uses
- Built in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,845
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,900
$596.9K
Cap Rate 7%
$426,357
$426.4K
Cap Rate 9%
$331,611
$331.6K
Market Conditions
NOI Build-Up for 2,091 SF
Gross rent
$45.2K $21.60/SF
− Vacancy
−$2.5K −$1.21/SF
EGI
$42.6K $20.39/SF
− OpEx
−$12.8K −$6.12/SF
NOI
$29.8K $14.27/SF
Area
Ocean County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,900
Cap Rate 7%
$426,357
Cap Rate 9%
$331,611
Alternative Uses
Best Use
Retail
$426.4K
$373.1K – $497.4K
NOI $29,845 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$546.0K
$477.8K – $637.0K
NOI $38,220 @ 7.0% cap · market cap 4.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
115
Businesses Nearby
Explore this area
Business Placement
Demographics for 08752, NJ
1,961
Population
4,137
Households
0.5
Avg Household Size
61
Median Age
55%
College-Educated
99%
High-School Grad
4.8 sq mi
ZIP Area
409
Density / Sq Mi
$75,865
Median Household Income
$49,150
Median Earnings
$1,402
Median Rent
$779,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - The 2023-built unit supports permitted retail or office use in a coastal business district.
Where is this retail space located?
The property is located at 410 SE Central Avenue #5 Seaside Park, NJ.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 2,091 square feet of commercial space; Permitted retail and office uses; Built in 2023
