110 Harbor Lane, Somers Point, NJ 08244
$2,300,000
Property Type:
Commercial
Square Footage:
12,314
Lot Size (sq. ft.):
43,996
Status:
Active
Current Price:
$2,300,000
List Date:
1/18/2025
Last Modified:
12/11/2025
Description
A net lease investment opportunity featuring a three-tenant medical office property totaling 12,000 SF. Strategically located to serve both Atlantic and Cape May Counties, the property offers ample on-site parking with 50 spaces. This well-maintained asset is ideal for 1031 exchange buyers, delivering stable income with a 7% CAP rate.
More Information MLS# 22501671
Contract Info
Sale: Yes
Lease: No
List Price/SqFt: 186.78
New Construction: No
Status: Active
List Date: 2025-01-16
Property Sub-Type: Commercial
List Price: $2,300,000
Current Price: $2,300,000
Location
Area/Section: Somers Point
Near Busstop: 1
Near Parkway Access: 1
Near Rrtrans: 1
House Number: 110
Street Name: Harbor
Street Suffix: Lane
County: Atlantic
Municipality: Somers Point (SMP)
Postal City: Somers Point
State: NJ
Zip Code: 08244
Directions: 110 Harbor Lane
General Property Info
Handicap Access: Yes
# Levels: 1
# Elevators: 1
Acreage: 1.01
Garage: No
# Car Garage: 0
# Parking Spaces: 50
Business Name: Medical Office
Business Operating: Yes
Franchise: No
Apx SqFt: 12314
Apx Year Built: 1976
Tax and Legal
Asmnt - Total: 1692000
Deed Restricted: No
Taxes: 60506
Tax Year: 2024
Income & Expenses
# Rental Units: 3
Financials Per: Year
Gross Income: 243000
Net Operating Income: 161000
Use
Medical: 1
Nursing Home: 1
Professional Service: 1
Other: 1
Interior
Fire Alarm: 1
Fire Sprinkler System: 1
Zoning
Commercial: 1
Water Type
Other - See Remarks: 1
Floors
Other: 1
Electric
Other - See Remarks: 1
Gas
On Site: 1
Seat Capacity
51 - 59: 1
Cooling
Central Air: 1
Water Heater
Multiple: 1
Heating
Forced Air: 1
Water
Public Water: 1
Sewer
Public Sewer: 1
Exterior
Security System: 1
Parking
Assigned: 1
On Site: 1
On Street: 1
Assessment Status
To Be Assessed: 1
Financing
Cash: 1
Construction/Siding
Stucco: 1
Roof
Asphalt: 1
Flat: 1
Material
Block: 1
Concrete: 1
Fee Includes
Common Area: 1
Landlord Pays
Sewer: 1
Documents Available
Financial Statement: 1
Lease: 1
Property Features
Location: Near Busstop; Near Parkway Access; Near Rrtrans; Near Busstop; Near Parkway Access; Near Rrtrans
Use: Medical; Nursing Home; Professional Service; Other
Interior: Fire Alarm; Fire Sprinkler System
Floors: Other
Seat Capacity: 51 - 59
Cooling: Central Air
Heating: Forced Air
Water Heater: Multiple
Water: Public Water
Sewer: Public Sewer
Gas: On Site
Electric: Other - See Remarks
Exterior: Security System
Parking: Assigned; On Site; On Street
Roof: Asphalt; Flat
Material: Block; Concrete
Zoning: Commercial
Water Type: Other - See Remarks
Fee Includes: Common Area
Landlord Pays: Sewer
Assessment Status: To Be Assessed
Documents Available: Financial Statement; Lease
Financing: Cash
Listing Office:
Keller Williams Realty Freehold
Listing Agent:
Iftikhar Haq
Last Updated: December - 11 - 2025
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth Ocean Regional REALTORS®, and site contains live data. IDX information 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.