821 Oak Ave, Toms River, NJ 08753
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
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Property description
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