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    OFF-MARKET
    Land

    0 Ocean Ave, Somers Point, NJ 08244

    1 SF 1.78 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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