Drugstore with
For Sale
$1,050,000
Manchester, NJ 08759, Manchester, NJ 08759
Business Opportunity, Manchester, NJ
Property Size2,664 SF
Lot Size1.42 Acres
Price / SF$394.14
Days on Market276
Property Features
General Information
Property type
Residential
Property subtype
Retail
Zoning
WTOP
Parking
16
Parking features
Open
Lot features
Near Shopping
Standard status
Active
Size
2,664 SF
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Listing Agency:
BEST REALTY · RE/MAX International
(732) 819-8895
Listed By:
Malav Kanuga
(732) 668-2835
Added: Jan 10
Changed: Oct 8
Last Checked: Oct 13 at 7:06AM
MLS# 2609406R
Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This operating drugstore occupies a 2,664-square-foot building in Manchester, New Jersey, and includes a drive-through and open parking. The pharmacy has served the area for more than 25 years and is currently run under absentee ownership. The property has forced-air heating, central air conditioning, public water, and public sewer, with WTOP zoning.
The business is at a T-intersection in a trade area that includes 55+ communities and assisted living facilities. Healthcare providers and resources, restaurants, and other businesses are also in the area. The pharmacy operates Monday through Friday from 9 a.m. to 6 p.m. and Saturday from 9:30 a.m. to 2 p.m.; it closes on major holidays. Staffing consists of one full-time pharmacist, one full-time pharmacy technician, and one part-time driver.
The business is at a T-intersection in a trade area that includes 55+ communities and assisted living facilities. Healthcare providers and resources, restaurants, and other businesses are also in the area. The pharmacy operates Monday through Friday from 9 a.m. to 6 p.m. and Saturday from 9:30 a.m. to 2 p.m.; it closes on major holidays. Staffing consists of one full-time pharmacist, one full-time pharmacy technician, and one part-time driver.
Key Highlights
- 2,664‑square‑foot pharmacy building
- Drive‑through convenience and open parking
- Operating pharmacy with more than 25 years in business
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,740
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$814,800
$814.8K
Cap Rate 7%
$582,000
$582.0K
Cap Rate 9%
$452,667
$452.7K
Market Conditions
NOI Build-Up for 2,664 SF
Gross rent
$57.5K $21.60/SF
− Vacancy
−$3.2K −$1.21/SF
EGI
$54.3K $20.39/SF
− OpEx
−$13.6K −$5.10/SF
NOI
$40.7K $15.29/SF
Area
Ocean County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$814,800
Cap Rate 7%
$582,000
Cap Rate 9%
$452,667
Alternative Uses
Best Use
Specialty Retail
$582.0K
$509.3K – $679.0K
NOI $40,740 @ 7.0% cap · market cap 3.88%
Second Best
Retail
$543.2K
$475.3K – $633.7K
NOI $38,024 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$695.6K
$608.7K – $811.6K
NOI $48,694 @ 7.0% cap · market cap 4.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08759, NJ
34,547
Population
22,101
Households
1.6
Avg Household Size
69
Median Age
23%
College-Educated
93%
High-School Grad
61.3 sq mi
ZIP Area
564
Density / Sq Mi
$55,000
Median Household Income
$41,089
Median Earnings
$1,324
Median Rent
$176,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drug store - An operating pharmacy includes open parking and serves an area with 55+ communities and assisted living facilities.
Where is this drug store located?
The property is located at Manchester, NJ.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 2,664‑square‑foot pharmacy building; Drive‑through convenience and open parking; Operating pharmacy with more than 25 years in business
