Landmark Commercial Building in Toms
44 Washington Street Toms River, NJ 08753
COMMERCIAL - Toms River, NJ
Property size:
20,000 SFLot size:
0.03 AcresPrice / SF:
$199/SF- Added:
- May 22, 2026
- Days on Market:
- 50
- Last Refresh:
- Jul 10 at 5:06 pm
Property Features for 44 Washington Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Property condition
- Under Construction
- Parking
- 13
- Parking features
- Parking Lot, Assigned
- Standard status
- Active
- APN
- 08-00660-0000-00013-0000-C0102
- Size
- 20,000 SF
- Lot size
- 0.03 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1950
- Floors in Building
- 3
Listing agent Christopher McDowell License #1435560 (732) 797-9001
Listing office Keller Williams Shore Properties 1030 Hooper Ave., Toms River, NJ (732) 797-9001
Listing date May 22, 2026
MLS# 22615381
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This landmark commercial building, located in the center of downtown Toms River, offers approximately 20,000 square feet of space. The property features multiple diverse first-floor rental spaces suitable for retail, restaurant, professional, or mixed-use opportunities. The expansive second floor, with additional third-floor loft access, is suited for a corporate headquarters, technology hub, event venue, law firm, or business office. Designed with modern, progressive architecture and an open-concept layout, the space provides flexibility and presence for businesses. The property is strategically located directly across from Toms River Town Hall. The lot size is 0.03 acres.
Key Highlights
- Landmark commercial building in the heart of Downtown Toms River's revitalization
- Approximately 20,000 square feet of flexible space
- Multiple diverse first‑floor rental spaces suitable for retail, restaurant, professional, or mixed‑use
Local Financial Insights For Office B
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 | $600.0k | $30.00 |
| − Vacancy | −$192.0k | −$9.60 |
| EGI | $408.0k | $20.40 |
| − OpEx | −$102.0k | −$5.10 |
| NOI | $306.0k | $15.30 |
20,000 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.37M
$3.83M – $5.10M
NOI $306,000 @ 7.0% cap · market cap 7.65%
Second Best
Retail
$4.08M
$3.57M – $4.76M
NOI $285,466 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$5.22M
$4.57M – $6.09M
NOI $365,568 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Family First Funding ...
Loan Service
Nicole Archiello-Waleski - Sr. ...
Loan Service
WebMax Demo
Bank
Timothy McGrath - Family ...
Loan Service
Dean Wenz - Family ...
Loan Service
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FAQs
What type of property is this?
Mixed-use property - 20,000 sq ft mixed-use building in revitalized downtown Toms River.
Where is this mixed-use property located?
The property is located at 44 Washington Street Toms River, NJ.
What is the asking price?
The asking price for this property is $3,999,000.
What are key features of this property?
This property features: Landmark commercial building in the heart of Downtown Toms River's revitalization; Approximately 20,000 square feet of flexible space; Multiple diverse first‑floor rental spaces suitable for retail, restaurant, professional, or mixed‑use
