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    OFF-MARKET
    Commercial real estate

    1131 Hooper Ave, Toms River, NJ 08753

    1 ac lot
    Property ID
    US59-0662970
    Property summary
    AI-generated overview

    This exceptional commercial land opportunity, located at 1131 Hooper Ave in Toms River, New Jersey (zip code 08753), offers 1-2 acres of developable land with 415 parking spaces. The property boasts a highly desirable location, situated adjacent to the Seacourt Pavilion and Ocean County Mall, ensuring high visibility and accessibility. This strategic location benefits from four-way access to signalized intersections at Hooper Avenue, Caudina Avenue, and Route 571, experiencing a daily traffic count of 25,724 vehicles. The area sees a significant increase in traffic during the summer months due to beach tourism. The site is surrounded by established national tenants including HomeGoods, Marshall's, AMC Theatres, and Ashley HomeStore, creating a strong retail environment. Further enhancing the area's appeal is a proposed +/- 70,000 square foot Veteran's Administration facility currently under construction on the south side of Caudina Avenue. Ideal uses for this property include medical facilities, banking institutions, fast-food restaurants, and automotive businesses. This is a rare opportunity to acquire a prime commercial parcel in a thriving retail corridor with exceptional visibility and access. The property is zoned for commercial use.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 1 ac (43,560 SF)
    UPID US59-0662970
    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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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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