Property profile

535 Ocean Heights Ave Linwood, NJ 08244

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 77,537 square foot commercial land parcel presents a remarkable development opportunity in the thriving Somers Point, New Jersey market. Located at 535 W. Ocean Heights Ave, 08244, this property is zoned GB and boasts a highly desirable location between Bethel Road and Ocean Heights Avenue. The site's strategic position offers unparalleled visibility and accessibility, surrounded by a dense concentration of established businesses. Within a tenth of a mile radius, potential tenants will find themselves in close proximity to a variety of national retailers and restaurants, including Chick-fil-A, Wendy's, CVS, Wawa, Chipotle, Starbucks, ShopRite, Staples, Mavis Discount Tire, Acme, and McDonald's. This ensures high foot traffic and strong consumer demand, making it an ideal location for a wide range of commercial ventures. The asking price for this exceptional property is $2,250,000. This presents a unique chance to capitalize on the robust commercial activity in Somers Point and build a successful business in a prime location within Atlantic County, New Jersey. The substantial lot size provides ample space for a variety of development possibilities, catering to a diverse range of commercial needs. Don't miss this opportunity to acquire a highly sought-after commercial property in a thriving market.

Property profile

Verified
Property type Land

Cap rate & NOI

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

Location

535 Ocean Heights Ave Linwood, NJ 08244
Linwood metro
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Value estimations

Realmo proprietary · 4 methods
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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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