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    OFF-MARKET
    Commercial real estate

    821 Oak Ave, Toms River, NJ 08753

    1 ac lot
    Individually Owned 6-yr Hold
    Property ID
    US59-2688854
    Property summary
    AI-generated overview

    This exceptional 2.28-acre property, located at 819, 821, and 823 Oak Avenue in Toms River, New Jersey (Ocean County, zip code 08753), presents a unique development opportunity. Currently zoned R-150, the land is flat, dry, and unrestricted, offering significant potential for various uses. A concept plan for a 22-classroom private non-profit school is available, and the zoning permits such construction on each of the three subdivided lots without requiring a variance. This has been confirmed by a local engineer. The property's location offers convenient access to Lakewood and Toms River, including Pine Lake Park and Holly Oaks Manchester (under 10 minutes), and Jackson and Howell (approximately 15 minutes). The asking price is $1,300,000, and the property is offered fee simple. Alternative uses, such as assisted living facilities, hotels, or places of worship, are also permissible under the current zoning. This is a prime location for a discerning investor seeking to capitalize on the area's growth and demand. The property's APN is 080041400000002002. This represents a rare chance to acquire a substantial parcel of land with approved uses, ready for immediate development.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 1 ac (43,560 SF)
    APN 080041400000002002
    UPID US59-2688854
    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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    Blend (final) Blend
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    Owner & transaction history
    Steven Bendel · 6 yrs held
    Steven Bendel
    since 2019
    2 recorded transactions
    2019
    $100,000
    2019
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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