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Toms River Route 37 Portfolio Investment 3 Properties Offered at $8,500,000 in Toms River, NJ
Investment Highlights
- This is Adjacent to the Bridge that leads to Seaside Heights, Seaside Park, South Seaside Park and Dover Beaches North.
- Close Proximity to Major Highways such as Route 9, Route 70 Route 35 and Garden State Parkway.
- This Property is located on the Highly Visible & Trafficked, Route 37 corridor.
- Abundant Parking is available.
Executive Summary
This a 3 building portfolio sale - Strong Income Generating properties located on 2.13 acre's.
1) First building is an Operating Motel 2 story, 25 Rooms. There are 11 Rooms with Kitchens, 12 Rooms without Kitchens, a 3 Bedroom Apartment and a Business Office with a Manager apartment.
2) Can Easily reconverted into 10,000 sqft of contiguous space. The second building is currently divided into a 6,800 sf and a 3,200 sf sections.
3) Negotiable Sale Terms. Call me for details.
4) The third is a 6,800 sf fully leased with a long term tenant.
(Property is Zoned as HB. This zoning refers to a Highway Business Zone, which is a type of zoning classification that allows for businesses, along major roadways to operate).
All assets have separate metered utilities, heating, central air and smoke detectors.
1) First building is an Operating Motel 2 story, 25 Rooms. There are 11 Rooms with Kitchens, 12 Rooms without Kitchens, a 3 Bedroom Apartment and a Business Office with a Manager apartment.
2) Can Easily reconverted into 10,000 sqft of contiguous space. The second building is currently divided into a 6,800 sf and a 3,200 sf sections.
3) Negotiable Sale Terms. Call me for details.
4) The third is a 6,800 sf fully leased with a long term tenant.
(Property is Zoned as HB. This zoning refers to a Highway Business Zone, which is a type of zoning classification that allows for businesses, along major roadways to operate).
All assets have separate metered utilities, heating, central air and smoke detectors.
Property Facts
| Price | $8,500,000 | Number of Properties | 3 |
| Price / SF | $320.15 / SF | Individually For Sale | 0 |
| Sale Condition | Bulk/Portfolio Sale | Total Building Size | 26,550 SF |
| Sale Type | Investment | Total Land Area | 6.26 AC |
| Status | Active |
| Price | $8,500,000 |
| Price / SF | $320.15 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 26,550 SF |
| Total Land Area | 6.26 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 3324 Route 37 E, Toms River, NJ 08753 | Hospitality | 9,750 SF | 1960 | - |
| 3324 Route 37 E, Toms River, NJ 08753 | Retail | 10,000 SF | 1960 | - |
| 3324 Route 37 E, Toms River, NJ 08753 | Retail | 6,800 SF | 1960 | - |
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Toms River Route 37 Portfolio Investment
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