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Pizzeria / restaurant / Leased out Garage 510 N Main St 2,412 SF 100% Leased Retail Building Lanoka Harbor, NJ 08734 $999,000 ($414.18/SF) 6.22% Cap Rate
INVESTMENT HIGHLIGHTS
- corner property with Light, Priced to sell , below appraisal value ...
EXECUTIVE SUMMARY
Reduced 150k. HIGHLY MOTIVATED SELLER HEALTH ISSUES
Route 9 corner , Superb Location , next to Lidell Super market, across Super Wall Mart , very Large Walk In clinic , New Premium Car wash , Rare property , well established business with great up side to extend use of 1/2 acre property in rear of building with larger outdoor venue , 700 sq ft garage rented out .Business reported Sales currently reported @800k +
Route 9 corner , Superb Location , next to Lidell Super market, across Super Wall Mart , very Large Walk In clinic , New Premium Car wash , Rare property , well established business with great up side to extend use of 1/2 acre property in rear of building with larger outdoor venue , 700 sq ft garage rented out .Business reported Sales currently reported @800k +
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$42,000
|
$17.41
|
| Other Income |
$32,000
|
$13.27
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$74,000
|
$30.68
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $42,000 |
| Annual Per SF | $17.41 |
| Other Income | |
|---|---|
| Annual | $32,000 |
| Annual Per SF | $13.27 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $74,000 |
| Annual Per SF | $30.68 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,412 SF
Building Class
B
Year Built/Renovated
1970/2007
Price
$999,000
Price Per SF
$414.18
Cap Rate
6.22%
NOI
$62,100
Business Value
$300,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Lot Size
0.59 AC
Zoning
C150
Frontage
40’ on U.S. 9
AMENITIES
- Smoke Detector
ABOUT 510 N MAIN ST , LANOKA HARBOR, NJ 08734
35 years Pizzeria restaurante with second floor unit , lare two car garage rented out . parking front and rear of property to accommodate 30 cars . Well established corner with New LidelSuper market Super Wallmart , large wa;lk in clinic center and just opened super modern car wash , booming community ..
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- wallmart
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| wallmart | - | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 13-00519-0000-00002-01 | Improvements Assessment | $242,100 (2025) |
| Land Assessment | $254,300 (2025) | Total Assessment | $496,400 (2025) |
PROPERTY TAXES
Parcel Number
13-00519-0000-00002-01
Land Assessment
$254,300 (2025)
Improvements Assessment
$242,100 (2025)
Total Assessment
$496,400 (2025)
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Pizzeria / restaurant / Leased out Garage | 510 N Main St
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