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    FOR SALE
    Office Units

    197 Drum Point Rd, Brick, NJ 08723

    1,498 SF Built 1910
    Property ID
    US59-0197857
    Property summary
    AI-generated overview

    REDUCED $56,000This versatile property is a rare opportunity to own a commercially zoned Location with Historic charm. Enjoy the Elegance of a Classic Shore Colonial Beautifully preserved and stood the test of time. Zoned and Suitable for Most Professionals and Commercial uses. Ideal for Investors, Professional Services or small Business, Creative Studios or Live / Work Configuration. This Property is filled with History and an Abundance of Character known through the Early Years as the Cranberry House. Rich Original Details Throughout, Hardwood Floors, Beam Ceilings, Large Walk-Up Attic for Storage, Detached Garage with a Workshop attached. Ideal for Hobbies, Studio or Creative Use. Township Zoned as B-2. Owners used as Residential from 1962 to Present. Oversized Parking Lot Room for Expansion Outdoor workspace or Future Development. High Visible Corner Location Close to Beaches, Dining, Retail, and Main Traffic Corridors.

    Property profile
    Verified
    Property type Office Units
    Year built 1910
    Total area 1,498 SF
    UPID US59-0197857
    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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