23 Mays Landing Rd Somers Point, NJ 08244
Estimated payment $17,993/month
About This Lot
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 Type
- Land
Est. Annual Taxes
- $35,760
Year Built
- 1956
Lot Details
- 2.5 Acre Lot
- Property fronts a state road
- 4 Lots in the community
- Property is zoned Business/Shop/Office, Commercial
Utilities
- Gas Available
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $35,760 | $1,000,000 | $379,300 | $620,700 |
| 2023 | $33,410 | $1,000,000 | $379,300 | $620,700 |
| 2022 | $33,410 | $1,000,000 | $379,300 | $620,700 |
| 2021 | $32,910 | $1,000,000 | $379,300 | $620,700 |
| 2020 | $46,477 | $1,441,600 | $379,300 | $1,062,300 |
| 2019 | $45,165 | $1,441,600 | $379,300 | $1,062,300 |
| 2018 | $44,214 | $1,441,600 | $379,300 | $1,062,300 |
| 2017 | $42,628 | $1,441,600 | $379,300 | $1,062,300 |
| 2016 | $40,696 | $1,441,600 | $379,300 | $1,062,300 |
| 2015 | $40,278 | $1,441,600 | $379,300 | $1,062,300 |
| 2014 | $38,923 | $1,441,600 | $379,300 | $1,062,300 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/17/2024 07/17/24 | For Sale | $2,695,000 | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $965,100 | Commercial |
Source: South Jersey Shore Regional MLS
MLS Number: 587176
APN: 21-01943-0000-00005
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