279 Nj-70Toms River, NJ 08755

This exceptional investment opportunity presents a fully approved, shovel-ready development site for a two-story, approximately 22,340 square foot office building in Toms River, New Jersey. Located on heavily trafficked Route 70, at the intersection of Whitesville Road and Cox Cro, this property boasts high visibility and convenient access to major roadways including Route 9, Route 37, and the Garden State Parkway. The site offers dual access points from Route 70 and Crescent Court, ensuring easy ingress and egress. Zoned HB, this property is ideal for an owner-user or developer seeking a prime location in a rapidly growing area. The building's projected Net Operating Income (NOI) is $794,820, with a pro-forma capitalization rate of 9.53%. The asking price is $2,300,000, translating to $102.95 per square foot. Surrounded by established businesses such as Aldi, Starbucks, Stop & Shop, and many others, this property benefits from strong demographics, with over 183,000 people within a 5-mile radius and an average household income exceeding $106,000 within a 1-mile radius. An adjacent, separately available, 98% occupied mixed-use building offers additional investment potential. This is a truly unique opportunity to acquire a high-value commercial property in a thriving market.