3103 Veeder Ave - Office/Residential FOR SALE


Toms River, NJ 08753
$1,099,000 USD
732-341-8840
3103 Veeder Ave, Toms River, NJ for Sale
$1,099,000 USD
Office/Residential - FOR SALE
1/31
null | 5.3% Cap Rate

3103 Veeder Ave
Toms River, NJ 08753


HIGHLIGHTS

  • Property delivers consistent income from four tenants, including retail and residential uses.
  • Extensive property renovations and system upgrades completed between 2023–2024.
  • Includes three onsite shipping containers allocated for landlord and tenant use.
  • Zoned Highway Business, enabling flexible applications for future commercial or residential purposes.

OVERVIEW

This fully occupied mixed-use property located at 3103 Veeder Avenue in Toms River presents an attractive investment opportunity with a strong tenant mix and recent renovations. The building spans approximately 2,441 square feet on a 150’ x 100’ lot, zoned Highway Business (H/B) and approved for Non-Conforming Use for both residential and commercial applications. Recent upgrades, including a new roof, vinyl siding, gutters (2023), electrical system overhaul, plumbing enhancements, and renovations of both apartments in 2024, enhance asset value and reduce near-term capital expenditure. The property produces a gross annual income of $70,272 with net operating income of $57,950, resulting in a 5.3% cap on the $1,099,000 asking price. Owner financing is available with favorable terms for qualified buyers. Leases and tenant details are available upon request. Located in Toms River’s AE Flood Zone with essential zoning approvals and environmental assessments, this income-producing property stands as a compelling opportunity for stable cash flow and long-term appreciation.

FOR SALE DETAILS

PRICE

$1,099,000 USD

PRICE/SF

$450 USD /SF

CAP RATE

5.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

HB

APN/PARCEL ID

08-01108-25-00022

ASK ABOUT THIS PROPERTY

Robert Bornstein1-2-3 REALTORSMore Info
732-341-8840

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Robert Bornstein1-2-3 REALTORSMore Info
732-341-8840

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.