Medical Office and Retail
717 Shore Road Somers Point, NJ 08244
717 Shore Road, Somers Point, NJ, 08244
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For Sale
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Adaptable commercial building on Shore Road with 8 parking spaces and by-right uses for medical, office, retail, and café/restaurant.
Property Size2,688 SF
Lot Size0.17 Acres
Price / SF$204.24
Days on Market56
Property Features for 717 Shore Road
General Information
- Standard status
- Active
- Size
- 2,688 SF
- Lot size
- 0.17 Acres
- Property subtype
- Land
Listing agency
The Shore Real Estate Group
Listed by
Michael Petretta · License #NJ
Source
Crexi
Added: May 27 Updated: Jul 10 at 3:59PM Checked: Jul 21 at 5:30AM
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 The Shore Real Estate Group
Investment Insights
Based on property information with market context.
This well-positioned commercial building offers approximately 2,688± SF of adaptable space within a concrete block exterior. The interior can support a range of build-out styles, including open-plan concepts, making it practical for medical, professional office, and service-focused tenants. The property also includes an enclosed café/restaurant component sized for up to approximately 40 seats based on existing parking.
Located on highly visible Shore Road in Somers Point, the building sits just steps from Shore Medical Center and is minutes from Ocean City. It is within Somers Point’s Professional Medical Zone and has approximately 50 feet of frontage with about 152 feet of depth on a 0.1745-acre lot. On-site parking is available for 8 vehicles, and the property is positioned along Shore Road with approximately 12k+ vehicles per day, with convenient access to the Shore Road and New Road commercial corridors and the nearby Ocean City bridge.
The configuration and by-right use flexibility make the building suitable for medical and wellness practices, professional offices, healthcare support or administrative services, and small-format boutique retail or service operators. It can also accommodate specialty office concepts such as salon/spa, personal care, wellness, studio, or specialty office uses. For restaurant operators, the existing enclosed café/restaurant setup supports a capped dining experience aligned with the on-site parking.
Located on highly visible Shore Road in Somers Point, the building sits just steps from Shore Medical Center and is minutes from Ocean City. It is within Somers Point’s Professional Medical Zone and has approximately 50 feet of frontage with about 152 feet of depth on a 0.1745-acre lot. On-site parking is available for 8 vehicles, and the property is positioned along Shore Road with approximately 12k+ vehicles per day, with convenient access to the Shore Road and New Road commercial corridors and the nearby Ocean City bridge.
The configuration and by-right use flexibility make the building suitable for medical and wellness practices, professional offices, healthcare support or administrative services, and small-format boutique retail or service operators. It can also accommodate specialty office concepts such as salon/spa, personal care, wellness, studio, or specialty office uses. For restaurant operators, the existing enclosed café/restaurant setup supports a capped dining experience aligned with the on-site parking.
Key Highlights
- 2,688± SF commercial building on highly visible Shore Road in Somers Point
- 0.1745‑acre lot with 50 ft frontage and 152 ft depth, with on‑site parking for 8 vehicles
- Located in Somers Point’s Professional Medical Zone with by‑right permitted uses for medical and wellness practices
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 | $71.9k | $26.76 |
| − Vacancy | −$19.4k | −$7.23 |
| EGI | $52.5k | $19.53 |
| − OpEx | −$13.1k | −$4.88 |
| NOI | $39.4k | $14.65 |
2,688 SF · lease $26.76/SF/yr · vacancy 27.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$562.6K
$492.3K – $656.4K
NOI $39,382 @ 7.0% cap · market cap 7.17%
Second Best
Healthcare Medical
$544.4K
$476.3K – $635.1K
NOI $38,107 @ 7.0% cap · market cap 6.94%
Theoretical Best
Warehouse
$1.00M
$875.9K – $1.17M
NOI $70,070 @ 7.0% cap · market cap 12.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
GWHS Answering Services
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FAQs
What type of property is this?
Medical center - Adaptable commercial building on Shore Road with 8 parking spaces and by-right uses for medical, office, retail, and café/restaurant.
Where is this medical center located?
The property is located at 717 Shore Road Somers Point, NJ.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 2,688± SF commercial building on highly visible Shore Road in Somers Point; 0.1745‑acre lot with 50 ft frontage and 152 ft depth, with on‑site parking for 8 vehicles; Located in Somers Point’s Professional Medical Zone with by‑right permitted uses for medical and wellness practices
