Mixed-Use Property on Route
585 Route 9 Little Egg Harbor, NJ 08087
585 Route 9, Little Egg Harbor, NJ, 08087
$1,200,000
For Sale
$1,200,000
Large commercial mixed-use property with high visibility and development potential.
Property Size3,745 SF
Lot Size2.27 Acres
Price / SF$320.43
Days on Market150
Property Features for 585 Route 9
General Information
- Standard status
- Active
- Size
- 3,745 SF
- Lot size
- 2.27 Acres
- Property subtype
- Land or Vacant Lot
Listing Agency
KELLER WILLIAMS REALTY MONMOUTH/OCEAN
(732) 942-5280
Listed by
MOHAMED BASSYOUNI
Source
Corcoran
Added: Feb 20 Checked: Jul 19 at 4:17 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 KELLER WILLIAMS REALTY MONMOUTH/OCEAN
Investment Insights
Based on property information with market context.
This large commercial mixed-use property is located in the heart of Little Egg Harbor on Route 9S. The property, zoned General Business (GB), is ideal for a fast food franchise, retail establishment, warehouse, or many other businesses. It offers highway commercial visibility and is located down the street from a Super Walmart, Tractor Supply, RiteAid, and McDonalds. The property includes 1500 square feet of retail space, a large storage area, and a two-bedroom apartment above. Additionally, there is a 2000 square foot warehouse/garage area, a six-bedroom house in need of renovation, and a fenced commercial yard. The property is offered AS IS, and the buyer is responsible for due diligence with the township. The value is in the land and the location. Address 545 is for a billboard providing extra income. The zoning document lists 32 permitted uses and 13 conditional uses.
Key Highlights
- Prime Highway/Commercial Location with BEST visibility on Route 9S.
- General Business (GB) zoning with 32 Permitted Uses and 13 Conditional Uses.
- Package deal including 545, 565, and 585 Route 9S.
Local Financial Insights For Apartment 5plus
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 | $112.4k | $30.00 |
| − Vacancy | −$7.6k | −$2.04 |
| EGI | $104.7k | $27.96 |
| − OpEx | −$47.1k | −$12.58 |
| NOI | $57.6k | $15.38 |
3,745 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$822.7K
$719.9K – $959.9K
NOI $57,591 @ 7.0% cap · market cap 4.80%
Second Best
Retail
$763.6K
$668.2K – $890.9K
NOI $53,453 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$977.9K
$855.7K – $1.14M
NOI $68,453 @ 7.0% cap · market cap 5.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Large commercial mixed-use property with high visibility and development potential.
Where is this mixed-use property located?
The property is located at 585 Route 9 Little Egg Harbor, 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: Prime Highway/Commercial Location with BEST visibility on Route 9S.; General Business (GB) zoning with 32 Permitted Uses and 13 Conditional Uses.; Package deal including 545, 565, and 585 Route 9S.
