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29340477
29340478

305 Lacey Rd, Lacey Township, NJ 08731

ML
NJ 0569706
Horvath & Tremblay
ZN
MA 9578180
Horvath & Tremblay
Horvath & Tremblay
Listed by Horvath & Tremblay
$750,000
134 days on market
Updated 35 days ago

Art Nic Plaza

Details
Property Type Mixed Use, Multifamily (+1)
Sub Type Apartment Building, Storefront
Square Footage 4,400
Units 4
NOI $33,620
Tenancy Multi
Lease Type Gross
Year Built 1980
Buildings 1
Stories 2
Acreage 0.560
Parking Spaces spaces
Ownership Fee Simple

Mixed Use | 0.00% CAP | 4,400 SqFt

Marketing description

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the mixed-use investment property, Art Nic Plaza, located at 305 Lacey Road in Forked River, NJ (the “Property”). The mixed-use building contains three (3) commercial units and one (1) 2-Bedroom/1-Bathroom unit (the residential unit was just fully approved; the owner is obtaining building permits). The three (3) commercial units are occupied by Father & Sons Sports Cards & Memorabilia, Gorilla Vapes, and Maternal Mantra Ultrasound. The Property features 4,400 square feet of gross living area and is situated upon a 0.56-acre parcel and offers twenty-four (24) off-street parking spaces.

305 Lacey Road is strategically located along Lacey Road, just off US Route 9, in the Forked River section of Lacey Township, offering strong frontage, visibility, and accessibility within a well-established commercial corridor. The property benefits from immediate access to US Route 9 and close proximity to the Garden State Parkway (Exit 74), providing efficient north–south connectivity throughout Ocean County and convenient access to regional employment centers including Toms River, Brick, and the greater New York and Philadelphia metro areas. Surrounded by a mix of retail, service-oriented businesses, residential neighborhoods, and essential amenities, the location supports both commercial and residential tenancy, enhancing long-term demand and investment stability for this mixed- use asset.

Investment highlights

PROMINENT LOCATION: Art Nic Plaza occupies a prominent position along Lacey Road, one of Lacey Township’s primary east–west corridors, offering strong regional visibility and convenient access for both vehicles and pedestrians. Frontage along this key connector provides direct linkage between surrounding residential neighborhoods and the U.S. Route 9 commercial spine, capturing steady daily traffic from local commuters, school-related trips, and shoppers traveling through Forked River and greater Ocean County. The established commercial character of the corridor, together with nearby neighborhood streets feeding into Lacey Road, supports consistent vehicular volumes and regular pedestrian movement throughout the day, enhancing the site’s exposure and reinforcing its suitability for neighborhood-serving commercial uses.

AREA AMENITIES & DEMAND DRIVERS: Barnegat Bay, marinas, and local waterfront recreation, along with parks and playgrounds in Forked River, draw seasonal visitors and support dining, service, and convenience retail demand along the Lacey Road corridor.

Everyday conveniences such as neighborhood shopping, dining, and services clustered along Lacey Road and Route 9 position a mixed-use asset to serve both local households and pass-through traffic.

Local employers in retail, services, trades, and marine-related businesses around Forked River and nearby communities create a broad base of workers who rely on the Lacey Road/Route 9 corridor for daily trips.

Limited new supply, strong owner-occupancy, and healthy household incomes in Lacey Township support rent resilience and potential for long-term appreciation compared with less established submarkets.

OFF-STREET PARKING & AMENITIES: The Property offers ample off-street parking with twenty-four (24) spaces available via a large lot to the side of the Property.

The Property offers ample signage and a large entrance to the parking lot, making it easy for drivers to exit the road and enter the lot

TRAFFIC COUNTS: More than 15,400 vehicles pass the Property each day along Lacey Road.

STRONG DEMOGRAPHICS: More than 31,500 people live within 3 miles of the Property with an average household income of $130,911. Over 51,000 people reside within 5 miles of the Property with an average household income of $131,543.

HIGH UPSIDE POTENTIAL: The commercial spaces are currently leased on a month-to-month basis, providing an incoming investor with near-term flexibility to reposition the asset and capture upside through rental rate growth. One of the commercial tenants, Father & Sons Sports Cards & Memorabilia, is operating at a below-market rental rate on a per-square-foot basis, presenting a clear opportunity to mark rents to market and enhance cash flow, while offering a natural hedge against rising operating expenses and inflation.

Additionally, the inclusion of a residential unit introduces a diversified income stream that further strengthens the property’s revenue profile. This residential component provides the ability to increase overall returns by driving residential rents to market levels, while offering stability and balance to the mixed-use tenancy mix.

QUALITY OF LIFE AMENITIES: Local favorites like Captain's Inn provide fresh seafood, tiki bar vibes, and live summer entertainment along the water, complementing the area's boating culture.

A mix of family-owned spots and chains such as multiple Wawa convenience stores, pizza places, and fast-casual eateries line the Lacey Road corridor for quick daily meals.

Big-box anchors including Walmart and Kohl's serve household shopping needs within a short drive, alongside neighborhood banks and small businesses fostering a walkable commercial vibe.

Top-rated Lacey Township schools, including Forked River Elementary and Lacey High, anchor family appeal with strong community involvement in sports and events.

Listing Contacts

ML
NJ 0569706
Horvath & Tremblay
ZN
MA 9578180
Horvath & Tremblay
Horvath & Tremblay
Listed by Horvath & Tremblay

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$33,620.00
$2,801.67/mo

Valuation Metrics

0
DSCR
4.48%
Cap Rate
4.48%
ROI

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Additional Information

Name
ETHAN COLE
License
2082582
Title
Broker of Record
Name
Michael Lombardi
License
0569706
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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