Property profile

0 Ocean Ave Somers Point, NJ 08244

OFF-MARKET
Land
1 SF 1.78 ac lot
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Property summary

AI-generated overview

This exceptional 1.78-acre commercial land parcel, located at 535 W. Ocean Avenue in Somers Point, New Jersey, presents a unique investment opportunity. Zoned for commercial use, this single-tenant property offers significant potential for development. The expansive lot provides ample space for a variety of commercial ventures, while the convenient location in Atlantic County ensures high visibility and accessibility. The property boasts 48 total parking spaces, addressing the needs of a substantial customer base. The address is 535 W. Ocean Ave, Somers Point, NJ 08244. This is a rare opportunity to acquire a sizable commercial land parcel in a thriving New Jersey coastal community. The property's size and location make it ideal for a range of commercial uses, from retail establishments to office spaces. With its strategic positioning and ample parking, this property is poised for success. The total building square footage is currently listed as 1 square foot, indicating the land is available for new construction. Serious inquiries are encouraged to explore the possibilities this prime location offers. The property is available for lease. The geographic coordinates are 39.3280324 latitude and -74.5880657 longitude.

Property profile

Verified
Property type Land
Total area 1 SF
Lot 1.78 ac (77,537 SF)

Cap rate & NOI

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

Location

Ocean Ave Somers Point, NJ 08244
Somers Point metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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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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