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Specialty Property with Multiple Meters

98 New Road, Somers Point, NJ 08244

For Sale
New
$699,999

General Business zoning supports a range of commercial uses in the existing building.

Property Size3,100 SF
Price / SF$225.81
Days on Market5

Property Features for 98 New Road

General Information

Standard status Active
Size 3,100 SF
Property subtype Commercial
Zoning General Business

Additional Details

Utilities to Site Yes

Building Details

Year Built 1952
Buildings 1
Listing Agency: Levin Commercial Real Estate,LLC.
Listed By: Joshua Levin · License #9235858
Source: Actionplusrealty
Added: Nov 2 Changed: Nov 6 Last Checked: Nov 6 at 10:44AM

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 Levin Commercial Real Estate,LLC.

Rey
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Investment Insights

Based on property information with market context.

The property includes an approximately 3,100-square-foot building, a parking lot, and multiple gas and electric meters. Utilities are on site. Plans have been prepared for a four-unit residential conversion.

Located on New Road in Somers Point, the property sits along a corridor with estimated traffic exceeding 36,000 vehicles per day. General Business zoning supports a variety of commercial uses in the existing structure.

Key Highlights

  • Approximately 3,100 SF building
  • Estimated corridor traffic exceeds 36,000 vehicles per day
  • General Business zoning

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Advanced Dental Concepts, ... Dental Office

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Auto Parts Store Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

859
Businesses Nearby

Demographics for 08244, NJ

10,535
Population
5,898
Households
1.8
Avg Household Size
47
Median Age
30%
College-Educated
89%
High-School Grad
4.9 sq mi
ZIP Area
2,150
Density / Sq Mi
$67,500
Median Household Income
$38,709
Median Earnings
$1,266
Median Rent
$278,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Specialty properties in Atlantic County, NJ

$389 Jul
$239 Aug
$236 Sep
$242 Oct

Properties on Market for Specialty properties in Atlantic County

Jul
Aug
Sep
Oct

Frequently Asked Questions

What type of property is this?
Specialty property - General Business zoning supports a range of commercial uses in the existing building.
Where is this specialty property located?
The property is located at 98 New Road Somers Point, NJ.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: Approximately 3,100 SF building; Estimated corridor traffic exceeds 36,000 vehicles per day; General Business zoning
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