Waterfront Mixed-Use
For Sale
Contact for pricing
97 Sand Shore Road, Mount Olive, NJ 07828
Ground-floor restaurant space includes a built-out kitchen, lake views, and a private outdoor deck.
Property Size3,000 SF
Price / SF$333.33
Days on Market181
Property Features for 97 Sand Shore Road
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Retail, Multifamily, Mixed Use
Zoning
L- Lake Zone
Investment Type
Owner/User
Additional Details
Floor
Ground
Patio
Yes
Amenities
private outdoor deck
Building Details
Year Built
2023
Buildings
1
Units
2
Tenancy
Multi
Listing Agency:
KW Commercial
Listed By:
Jason Trembicki · License #NJ
Source:
Crexi
Added: Apr 30
Changed: Oct 25
Last Checked: Oct 26 at 2:05PM
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 KW Commercial
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Investment Insights
Based on property information with market context.
Built in 2023, this 3,000-square-foot mixed-use property contains two units arranged for commercial and residential use. The ground level is configured as restaurant space with a built-out kitchen, dining area, lake-facing views, and a private outdoor deck. Above, a loft-style apartment offers three bedrooms, two bathrooms, oversized windows, and direct water views.
The offering also includes a second lot across the street that provides parking. Deeded water rights are included and support marina use, subject to applicable approvals. The property is located within the L-Lake Zone and combines waterfront restaurant improvements with an upper-level residential unit.
The offering also includes a second lot across the street that provides parking. Deeded water rights are included and support marina use, subject to applicable approvals. The property is located within the L-Lake Zone and combines waterfront restaurant improvements with an upper-level residential unit.
Key Highlights
- 3,000‑square‑foot mixed‑use building completed in 2023
- Two‑unit configuration with restaurant space and a 3‑bedroom apartment
- Ground‑floor restaurant includes a built‑out kitchen and private outdoor deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,134
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$922,680
$922.7K
Cap Rate 7%
$659,057
$659.1K
Cap Rate 9%
$512,600
$512.6K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$90.0K $30.00/SF
− Vacancy
−$6.1K −$2.04/SF
EGI
$83.9K $27.96/SF
− OpEx
−$37.7K −$12.58/SF
NOI
$46.1K $15.38/SF
Area
Morris County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$922,680
Cap Rate 7%
$659,057
Cap Rate 9%
$512,600
Alternative Uses
Best Use
Apartment 5plus
$659.1K
$576.7K – $768.9K
NOI $46,134 @ 7.0% cap · market cap 4.61%
Second Best
Specialty Retail
$655.4K
$573.5K – $764.6K
NOI $45,878 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$783.4K
$685.4K – $913.9K
NOI $54,835 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
1k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 100%
Days Inn Budd Lake
Hotels & Casinos
1,251 visits/mo
0.5 miles
Demographics for 07828, NJ
14,473
Population
5,970
Households
2.4
Avg Household Size
39
Median Age
44%
College-Educated
95%
High-School Grad
14.2 sq mi
ZIP Area
1,019
Density / Sq Mi
$96,989
Median Household Income
$57,074
Median Earnings
$1,483
Median Rent
$433,200
Median Home Value
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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?
Mixed-use property - Ground-floor restaurant space includes a built-out kitchen, lake views, and a private outdoor deck.
Where is this mixed-use property located?
The property is located at 97 Sand Shore Road Mount Olive, NJ.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: 3,000‑square‑foot mixed‑use building completed in 2023; Two‑unit configuration with restaurant space and a 3‑bedroom apartment; Ground‑floor restaurant includes a built‑out kitchen and private outdoor deck
