99 Mays Landing Rd Somers Point, NJ 08244
- Industrial properties
- 840 SF
- 0.35 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 99 Mays Landing Rd
- Year built
- 1961
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.35 lot acres
- Property size
- 840 SF
- Zone code
- HC-1
- Property type
- Industrial properties
- APN
- 21 01945-0000-00001
- APU
- 2101945000000001
Description
This vacant, 1,000-square-foot industrial property at 99 Mays Landing Rd, Somers Point, NJ 08244, presents a compelling investment opportunity. The single-story, 1961-built building sits on a 15,080-square-foot lot and is classified as Class C. Priced at $375,000 ($375/sq ft), it offers a 10% cap rate. The property features one loading dock and two dock-high doors within a 780-square-foot garage (26'W x 30'L with 14' ceilings). The garage doors measure 10'W x 12'H. Three oil tanks (two 25,000-gallon and one 65,000-gallon, one not in service) and an oil loading deck are also present. The property is zoned HC-1 (Highway Commercial-One District), allowing for diverse uses including retail, restaurants, offices, banks, personal service establishments, minor repair operations, and more, subject to zoning regulations. This high-traffic location near the Garden State Parkway offers excellent visibility and accessibility. The property's flexible zoning and existing infrastructure make it suitable for a variety of commercial ventures. The building is currently vacant, providing immediate occupancy for the new owner. This is a rare opportunity to acquire a well-located industrial property with significant potential for redevelopment or repurposing.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Somers Point
- County
- Atlantic
- State
- New Jersey
- Longitude
- -74.6199
- Latitude
- 39.3144
- CBSA code
- 12100
- CBSA name
- ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA
