Property summary
This vacant, 1,000-square-foot industrial property at 99 Mays Landing Rd, Somers Point, NJ 08244, presents a compelling investment opportunity. The single-story, 1961-built building sits on a 15,080-square-foot lot and is classified as Class C. Priced at $375,000 ($375/sq ft), it offers a 10% cap rate. The property features one loading dock and two dock-high doors within a 780-square-foot garage (26'W x 30'L with 14' ceilings). The garage doors measure 10'W x 12'H. Three oil tanks (two 25,000-gallon and one 65,000-gallon, one not in service) and an oil loading deck are also present. The property is zoned HC-1 (Highway Commercial-One District), allowing for diverse uses including retail, restaurants, offices, banks, personal service establishments, minor repair operations, and more, subject to zoning regulations. This high-traffic location near the Garden State Parkway offers excellent visibility and accessibility. The property's flexible zoning and existing infrastructure make it suitable for a variety of commercial ventures. The building is currently vacant, providing immediate occupancy for the new owner. This is a rare opportunity to acquire a well-located industrial property with significant potential for redevelopment or repurposing.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Eating and drinking establishments shall be governed by the landscaping regulations of the HC-1 District, as contained in Article VIII , § 114-50 . B. Regulations governing motel and recreational sport facility uses: (1)…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
HC-1 · Somers Point, NJEating and drinking establishments shall be governed by the landscaping regulations of the HC-1 District, as contained in Article VIII , § 114-50 . B. Regulations governing motel and recreational sport facility uses: (1)…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
Eating and drinking establishments shall be governed by the landscaping regulations of the HC-1 District, as contained in Article VIII , § 114-50 . B. Regulations governing motel and recreational sport facility uses: (1)…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for HC-1 in Somers Point, NJ.
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