Property Details
Price :
Square Feet :
Cap Rate :
$2,300,000
22,340
N/A
NOI :
Acres :
N/A
N/A
Property Type :
Property Status :
Other
Available
Investment Highlights
- Opportunity to Acquire a Fully Approved, Shovel Ready Development Site with permits on Route 70, Toms River, Ocean County, NJ
- Fully Approved for a +/-23,000 SF Two-Story Office Building: This site offers a prime development opportunity in one of the fastest-growing areas of the Lakewood, NJ market.
- Versatile Use Options: Ideal for an owner/user looking to occupy part of the building and lease out the rest, or for those wanting to develop and own a full office building in a prime location.
- Strategically Located in the Toms River gateway to Manchester: Enjoy easy accessibility to Lakewood, Toms River, Manchester, and major highways. Right off Route 70, at the cross streets of Whitesville Road and Cox Cro.
- High Traffic Visibility: Positioned on the highly traveled Route 70, seeing over 23,000 vehicles per day.
- Dual Access Points: Convenient ingress and egress from Route 70 and Crescent Court.
- Proximity to Major Roads: Easy access to Route 9, Route 37, and the Garden State Parkway, enhancing connectivity.
- Nearby National Tenants: A prime location surrounded by established businesses such as Aldi, Starbucks, Stop & Shop, Wawa, Tractor Supply Co, Exxon, McDonald's, Wendy's, Extra Space Storage, Ocean First Bank, and more.
- Strong Demographics: A population of over 183K within a 5-mile radius and an average household income above $106K within a 1-mile radius, providing a robust market for businesses.
- Additional Opportunity: Adjacent to a 97% occupied, cash-flowing +/- 18,000 SF mixed-use building also available for acquisition, offering further investment potential and synergies.
Listing Contacts
