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Executive Summary
Investment Opportunity â?? Prime Commercial Property in Somers Point Excellent opportunity to own a fully leased investment property that houses Shenâ??s Sushi & Ramen House. Located in the heart of Somers Point this property is on a highly visible four-way intersection. The property is being offered for sale at $549,000 and includes the building onlyâ??the business is not for sale. A strong, established tenant has successfully operated at this location for the past five years and has recently exercised an additional five-year lease option, providing immediate, stable rental income for an investor. The building offers more than just the restaurant space. The second floor features a spacious office, while the full basement is equal in size to the restaurantâ??s dining room and kitchen, and it's currently housing 2 large walk-in refrigeration boxes, an ice machine, 2 electrical panels, and abundant storage, adding exceptional functionality and long-term value. Whether youâ??re looking to expand your investment portfolio or complete a 1031 exchange, this is a rare opportunity to own a well-maintained, income-producing commercial property with a reliable long-term tenant in a desirable location. Call 609-346-4782 today for more information.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,482 SF
Building Class
C
Year Built
2006
NOI
$728,962 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.21 AC
Zoning
GB - GB zoning in Somers Point, New Jersey is a zoning district for general business
Parking
10 Spaces (6.75 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Security System
- Signage
- Signalized Intersection
- Storage Space
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 21-00250-0000-00001-04 | Improvements Assessment | $524,553 CAD |
| Land Assessment | $1,016,602 CAD | Total Assessment | $1,541,155 CAD |
Property Taxes
Parcel Number
21-00250-0000-00001-04
Land Assessment
$1,016,602 CAD
Improvements Assessment
$524,553 CAD
Total Assessment
$1,541,155 CAD
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