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Property profile

3-6 Water St Toms River, NJ 08753

OFF-MARKET
Office Spaces
5,980 SF
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Property summary

AI-generated overview

This exceptional 5,980 square foot office building, located in the heart of Toms River's Village Business District, presents a unique opportunity for businesses seeking a prominent location. The property, situated at 32-36 West Water Street, offers a single-story building with four suites, currently entirely vacant and available for lease. The flexible layout allows for multiple tenancy options, with minimum divisible space of 950 square feet and the potential to lease the entire 5,980 square feet contiguously. Individual suite sizes include approximately 1150, 950, 1600, and 2280 square feet (exact dimensions available upon request). The building is zoned VB - Village Business, providing ample flexibility for various professional uses. Conveniently located near GSP Entrance 81 and the Toms River bus station, this property benefits from excellent accessibility and proximity to numerous amenities, including restaurants, banking facilities, and ample public parking within a one-block radius. The lease rate is $15 per square foot, plus $8 per square foot for common area maintenance (CAM) and real estate taxes. Utilities are included in the rent. A large free public parking lot is situated to the rear and west of the building, ensuring convenient parking for tenants and clients. Flexible lease terms are available to qualified tenants. The property's Ocean County location, within the Ocean County submarket, offers a strong business environment. The APN is 08-00569-0000-00009.

Property profile

Verified
Property type Office Spaces
Total area 5,980 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3-6 Water St Toms River, NJ 08753
Toms River metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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