4 months on rocket

23-27 Mays Landing Rd, Somers Point, NJ, 08244

$2,695,000

2.50 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeVacant Land
MLS #587176
Lot Size2.50 Acres
StatusActive

About 23-27 Mays Landing Rd

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
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Housing Market Comparison

See how this home compares to others in Somers Point, NJ.

Med. Sold Price

$417K

Med. Price/SqFt

$297

Avg. Days On Market

63

# of Sold Homes

11

23-27 Mays Landing Rd vs Somers Point

122 DAYS ON ROCKET

+59 Days

$2,695,000

+$2.2M More

KEY TAKEAWAY

This property is $2.2M more than the Median Sold Price in Somers Point, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #587176

Listing Office:

  • Office Name: MONIHAN REALTY
  • Office Phone: (609) 399-0998

Broker Reciprocity Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.

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: 11/17/2024, 5:20:52 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

$13.5K

Per 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.

Nearby Schools

school-card-donut-383359
2
/10
  • Dawes Avenue Elementary School

  • 22 W Dawes Ave

  • 1.22 miles

  • Public District Grades KG-3

school-card-donut-383360
6
/10
  • Seaview Elementary School

  • 2013 Wabash Ave

  • 2.01 miles

  • Public District Grades PK-4

school-card-donut-383361
5
/10
  • Ocean City Primary School

  • 550 West Ave

  • 2.31 miles

  • Public District Grades PK-3

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $70,888. Most Somers Point, NJ residents have annual incomes between $35k-100k. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

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.
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Rocket HomesNew JerseyAtlantic CountySomers Point0824423-27 Mays Landing Rd

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 2 listings in Somers Point, NJ in October 2024 were sold above asking price, there were more than 2 listings sold at asking price, and more than 5 were sold below. The number of listings in Somers Point, NJ increased by 4.2% between September 2024 and October 2024. The median list price of listings available in October 2024 was $417,000, while the average time on the real estate market was 63 days.

From Rocket Homes Real Estate and based on county public records data.

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