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Commercial property on the corner of Rt 9 111 Lakeside Dr 2,200 SF Retail Building Tuckerton, NJ 08087 $615,173 CAD ($279.62 CAD/SF) 7.03% Cap Rate

Restaurants New Jersey Tuckerton 111 Lakeside Dr, Tuckerton, NJ 08087

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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. Currently also receiving $350 a month from a food truck renting parking lot space.

Attachments

Just Listed - Linen - Social Media - Post

Financial Summary (Actual - 2024)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $3,169 $1.44
Other Income - -
Vacancy Loss - -
Effective Gross Income $3,169 $1.44
Net Operating Income - -

Financial Summary (Actual - 2024)

Gross Rental Income (CAD)
Annual $3,169
Annual Per SF $1.44
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $3,169
Annual Per SF $1.44
Net Operating Income (CAD)
Annual -
Annual Per SF -

Property Facts

Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,200 SF
Building Class
C
Year Built/Renovated
1958/2022
Price
$615,173 CAD
Price Per SF
$279.62 CAD
Cap Rate
7.03%
NOI
$43,259 CAD
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

Links

1 1

Nearby Major Retailers

ACME
TD Bank
Oceanfirst Bank
CrossFit
Retro Fitness
Chase Bank

Property Taxes

Parcel Number 33-00013-0000-00028-05 Improvements Assessment $145,043 CAD (2025)
Land Assessment $116,418 CAD (2025) Total Assessment $261,460 CAD (2025)

Property Taxes

Parcel Number
33-00013-0000-00028-05
Land Assessment
$116,418 CAD (2025)
Improvements Assessment
$145,043 CAD (2025)
Total Assessment
$261,460 CAD (2025)
(732) 773-0384

Still interested?

Contact the broker for more information about this property

Contact

  • Jessica DiFrancia
    Jessica DiFrancia

  • Listing ID: 33203589

  • Date on Market: 2024-09-17

  • Last Updated:

  • Address: 111 Lakeside Dr, Tuckerton, NJ 08087

The Retail Property at 111 Lakeside Dr, Tuckerton, NJ 08087 is currently available for Sale. Contact Keller Williams Atlantic Shore for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

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Commercial property on the corner of Rt 9 | 111 Lakeside Dr
(732) 773-0384 x

Commercial property on the corner of Rt 9 | 111 Lakeside Dr

Jessica DiFrancia
(732) 773-0384

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