Entity Owned Property summary
This exceptional 2,582 square foot executive office building, located at 306 Hooper Avenue in Toms River, New Jersey, presents a unique investment opportunity. Priced at $679,900 ($263.32/sq ft), the property boasts a desirable Village Office (VO) zoning designation. Situated on a 0.26-acre lot (Block 655 02, Lot 5), the building features a recently replaced roof (within the last five years) and a fenced-in backyard. Conveniently located just minutes from the beach, Ocean County Mall, and a bus terminal, this property offers unparalleled accessibility. The building also includes a second-floor residential apartment comprising three bedrooms, one bathroom, a living area with dining space, a kitchen, and laundry facilities. The office space is handicap accessible. The 2022 real estate taxes totaled $6,698. This property is ideally suited for a variety of uses, offering both commercial and residential potential in a high-demand area. Its proximity to the Ocean County Courthouse further enhances its appeal. Don't miss this chance to acquire a well-maintained, strategically located property in a thriving New Jersey community.
Property profile
VerifiedCap rate & NOI
Current use
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Dental Office
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Dental Office
Location
Value estimations
Owner & transaction history
Zoning & alternative use
ne. § 348-10.18 MF-16 Multifamily Zone. § 348-10.18.1 MF-8 Multifamily Zone. § 348-10.18.2 MF-10 Multifamily Zone. § 348-10.18.3 O-10C Office Zone. § 348-10.19 O-10 Office Zone. § 348-10.20 O-15 Office Zone. § 348-10.21…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
VO · Toms River, NJne. § 348-10.18 MF-16 Multifamily Zone. § 348-10.18.1 MF-8 Multifamily Zone. § 348-10.18.2 MF-10 Multifamily Zone. § 348-10.18.3 O-10C Office Zone. § 348-10.19 O-10 Office Zone. § 348-10.20 O-15 Office Zone. § 348-10.21…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
ne. § 348-10.18 MF-16 Multifamily Zone. § 348-10.18.1 MF-8 Multifamily Zone. § 348-10.18.2 MF-10 Multifamily Zone. § 348-10.18.3 O-10C Office Zone. § 348-10.19 O-10 Office Zone. § 348-10.20 O-15 Office Zone. § 348-10.21…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for VO in Toms River, NJ.
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