FANTASTIC INVESTMENT OPPORTUNITY - 3 Commercial properties for sale FULLY LEASED out to working businesses, including a large parking lot. GREAT RENTAL INCOME with over $300,000 of rental income per year and to increase. This sale is for the land and buildings - businesses not included. Over 2.5 acres of land acres located in the federally approved OPPORTUNITY ZONE in a highly desirable area with high visibility, traffic volume, and easy access from local, county, and state roads. 10 rental units all leased, plenty of exterior parking, and approx. 900 contiguous feet of road frontage. Commercial spaces are currently used for retail, office/professional, and warehouse space and are a total of over 35,000 sq ft. Lease information available to interested qualified buyers. Properties being sold are 23 Mays Landing Road, 25 Mays Landing Road, & 27 Mays Landing Road. All rental properties with possibility of development. Total land area over 2.5 acres for all contiguous properties. Located in the Opportunity Zone - https://nj.gov/governor/njopportunityzones/
Property Details
Property Features
Listing Office:
Office Name: MONIHAN REALTY
Office Phone: (609) 399-0998
Lot Features
Lot Information:
Lot Size: 2.50 Acres
Other
Directions Information:
Directions: Northwest corner of Rt.9 and Mays Landing Road in Somers Point
Price Information
Listing Price Info
Price Summary:
List Price: $2,695,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Somers Point, NJ.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/18/2024, 2:21:00 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$13.5K
Per Month
Principal & Interest
$13.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$8,146
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
Dawes Avenue Elementary School
22 W Dawes Ave
Distance between this listing and this school1.22 miles
Public District Grades KG-3
6
/10
Seaview Elementary School
2013 Wabash Ave
Distance between this listing and this school2.01 miles
Public District Grades PK-4
5
/10
Ocean City Primary School
550 West Ave
Distance between this listing and this school2.31 miles
Public District Grades PK-3
Nearby Schools
4
/10
Jordan Road Middle School
129 Jordan Rd
Distance between this listing and this school0.82 miles
Public District Grades 4-8
7
/10
Belhaven Middle School
51 Belhaven Ave
Distance between this listing and this school2.60 miles
Public District Grades 5-8
6
/10
Ocean City Intermediate School
1901 Bay Avenue
Distance between this listing and this school2.69 miles
Public District Grades 4-8
Nearby Schools
2
/10
Chartertech High School for the Performing Arts
413 New Rd
Distance between this listing and this school1.28 miles
Public Charter Grades 9-12
5
/10
Ocean City High School
501 Atlantic Ave
Distance between this listing and this school2.67 miles
Public District Grades 9-12
5
/10
Mainland Regional High School
1301 Oak Ave
Distance between this listing and this school2.85 miles
The neighbors living near this home have an average income of $70,888. Residents of Somers Point, NJ typically earn between $35k-100k each year. Most families are single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 23-27 Mays Landing Rd
What is the listing price of this property?
The listing price of 23-27 Mays Landing Rd property is $2,695,000.
What type of property is this?
The property 23-27 Mays Landing Rd is land located in Somers Point, New Jersey, 08244.
Is this property for sale now?
Active Listing: 23-27 Mays Landing Rd is For Sale (Active/New) which means the seller is accepting offers.
How much acreage is this property?
The property 23-27 Mays Landing Rd is 2.50 acres.
Interested in 23-27 Mays Landing Rd? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 23-27 Mays Landing Rd in Somers Point, NJ and zip code 08244. This home sits on a 2.50 acre lot. It has been listed on Rocket Homes since July 17, 2024 and is currently priced at $2,695,000.
While more than 1 listings in Somers Point, NJ in November 2024 were sold above asking price, there were more than 1 listings sold at asking price, and more than 6 were sold below. The inventory of homes for sale in Somers Point, NJ between October 2024 and November 2024 increased by 2.1%. The median list price of listings available in November 2024 was $367,250, while the average time on the real estate market was 77 days.
From Rocket Homes Real Estate and based on county public records data.