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98 New RoadSomers Point, NJ 08244

Multi-Family · 1 Partial Bath
$549,900 UNDER CONTRACT CON/SHOW

98 New Road Overview

Time on Site:
173 days
Visits:
0

Exceptional commercial property in a prime location! Situated on a highly visible corner lot with over 36,000+- cars passing daily, this property offers approximately 3,500 sq. ft. of flexible space in the heart of Somers Point's General Business (GB) zone. The ground floor features an open layout that can be divided into separate offices, with two entrances, plus a rear retail/office space. The second floor includes additional office space and a full bathroom, ideal for various business needs. The GB zoning allows for a wide range of uses, including retail shops, professional offices, restaurants, beauty salons, health clubs, and more. With its unbeatable location across from the new Chick-fil-A and Panera Bread, ample parking, and easy access to major roadways, this property is perfect for businesses looking to capitalize on high traffic and strong local growth. Don't miss this incredible opportunity to bring your business vision to life! Schedule your tour today and explore the potential of this outstanding commercial property.

Listing provided courtesy of eXp REALTY- MLS# 260040MLS Provider
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98 New Road Facts & Features

  • Type Multi-Family

Details

General

School Information

  • School District: 1
  • High School: 22,098

Building Information

  • New Construction: No
  • Total Sq Ft: 3099
  • Year Built: 1952

Location/Region

  • County Or Parish: 17-Out Of County
  • MLS Area Major: Out of County

Tax Information

  • Tax Annual Amount: $12,506.00
  • Tax Assessed Value: $336,000.00
  • Tax Year: 2025

General Information

  • Property Sub Type: Mixed Use
  • Property Type: MULTI-FAMILY

Interior

Beds/Baths

  • Bathrooms Partial: 1
  • Bedrooms Total: 1 to 6000 SqFt

General Information

  • Cooling: Central Air
  • Heating: Gas Natural

Exterior

Lot Information

  • Water Source: Public

General Information

  • Sewer: Public

98 New Road Neighborhood

Community

08244 (SOMERS POINT) Demographics

44
Median Age
1,172
Population Density (per sq. mile)
35%
College Educated
$62,241
Estimated Median Income
2,468
Estimated Total Home Owners
1,992
Estimated Total Renters
55% / 45%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

98 New Road Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

98 New Road Market Data

Based on the last 30 days in this zip code

$526,209
Average List Price
$318
Average Price per Square Foot
4
Properties Sold
96
Average Days on Market
11
Properties for Sale
Calculations provided by Reliance Network

98 New Road History

Date Event Value Agent
5/20/2026Source: Cape May MLS Status Change
UNDER CONTRACT CON/SHOW
5/20/2026Source: South Jersey Shore MLS Status Change
UnderContract-Cont toShow
5/20/2026Source: South Jersey Shore MLS Status Change
UnderContract-Cont toShow
1/7/2026Source: Cape May MLS Added to Database
January 07, 2026
1/7/2026Source: South Jersey Shore MLS Added to Database
January 07, 2026
1/7/2026Source: South Jersey Shore MLS Added to Database
January 07, 2026