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
Commercial/Mix-use property with high visibility and development potential.
Property Size3,500 SF
Lot Size2.27 Acres
Price / SF$342.86
Days on Market154
Property Features for 585 Route 9
General Information
- Standard status
- Active
- Size
- 3,500 SF
- Lot size
- 2.27 Acres
- Property subtype
- Commercial
Listing Agency
KELLER WILLIAMS REALTY MONMOUTH/OCEAN
(732) 942-5280
Listed by
MOHAMED BASSYOUNI
Source
Corcoran
Added: Feb 16 Checked: Jul 19 at 4:25 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 commercial mixed-use property, located at 545, 565, and 585 Route 9S in Little Egg Harbor, presents a development opportunity. Zoned General Business (GB), the property is suited for various ventures, including a fast-food franchise, retail establishment, or warehouse. The location offers high highway and commercial visibility, situated near a Super Walmart, Tractor Supply, RiteAid, and McDonalds. The property includes a 1500 sq ft retail space, a large storage area, and a 2-bedroom apartment above. Additionally, there is a 2000 sq ft warehouse/garage area, a six-bedroom house requiring renovation, and a fenced commercial yard. The property is offered AS IS, and prospective buyers are advised to conduct due diligence with the township. The value is primarily in the land and location. Address 545 includes a billboard for extra income. The zoning document lists 32 permitted uses and 13 conditional uses, along with bulk requirements.
Key Highlights
- Prime location on Route 9S in Little Egg Harbor with high visibility.
- General Business (GB) zoning allows for a wide range of commercial uses.
- Proximity to high‑traffic retailers like Walmart, Tractor Supply, RiteAid, and McDonalds.
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 | $105.0k | $30.00 |
| − Vacancy | −$7.1k | −$2.04 |
| EGI | $97.9k | $27.96 |
| − OpEx | −$44.0k | −$12.58 |
| NOI | $53.8k | $15.38 |
3,500 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$768.9K
$672.8K – $897.1K
NOI $53,823 @ 7.0% cap · market cap 4.49%
Second Best
Retail
$713.7K
$624.5K – $832.6K
NOI $49,956 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$913.9K
$799.7K – $1.07M
NOI $63,974 @ 7.0% cap · market cap 5.33%
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 - Commercial/Mix-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 location on Route 9S in Little Egg Harbor with high visibility.; General Business (GB) zoning allows for a wide range of commercial uses.; Proximity to high‑traffic retailers like Walmart, Tractor Supply, RiteAid, and McDonalds.
