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Commercial property on the corner of Rt 9 111 Lakeside Dr 2,200 SF Retail Building Tuckerton, NJ 08087 $450,000 ($204.55/SF) 6.10% Cap Rate
Investment Highlights
- Heavy traffic
- Great location
- Lots of parking
Executive Summary
Prime commercial property located on the corner of Route 9 and Lakeside Drive, in the heart of Tuckerton! This .63-acre lot offers endless possibilities and features ample parking, making it ideal for a variety of business ventures. Conveniently positioned near regional shopping centers, popular restaurants, and just minutes from the beach, this location provides excellent visibility and accessibility. Situated next to Tip Seaman Park, it enjoys a bustling neighborhood atmosphere. The existing building is currently leased as a restaurant, and the property is zoned for commercial use, allowing for a wide range of potential opportunities. Don’t miss this chance to invest in a high-traffic, high-demand location! ***BUSINESS IS NOT FOR SALE OR CLOSING***, sale is Real Estate and Building only. By appointment only, Current lease is Through April 30 2026- Rent is $2251 a month, Starting October it will be $2318 and increases 3% every year until end.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$2,318
|
$1.05
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$2,318
|
$1.05
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $2,318 |
| Annual Per SF | $1.05 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $2,318 |
| Annual Per SF | $1.05 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
2,200 SF
Building Class
C
Year Built/Renovated
1958/2022
Price
$450,000
Price Per SF
$204.55
Cap Rate
6.10%
NOI
$27,444
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.64 AC
Zoning
commercial - Commercial corner lot, on Busy Rt 9
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Asian Wok
- Accommodation and Food Services
- -
- -
- Oct 2027
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Asian Wok | Accommodation and Food Services | - | - | Oct 2027 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 33-00013-0000-00028-05 | Improvements Assessment | $105,900 (2025) |
| Land Assessment | $85,000 (2025) | Total Assessment | $190,900 (2025) |
Property Taxes
Parcel Number
33-00013-0000-00028-05
Land Assessment
$85,000 (2025)
Improvements Assessment
$105,900 (2025)
Total Assessment
$190,900 (2025)
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Commercial property on the corner of Rt 9 | 111 Lakeside Dr
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