Mixed-Use Building on Corner
1900 Highway 35 and 2409 Old Mill Road Wall Township and Spring Lake Heights, NJ 07762
For Sale
$1,300,000
Mixed-use building with retail space and apartment for sale or lease.
Property Size2,637 SF
Lot Size0.17 Acres
Price / SF$492.98
Days on Market183
Property Features for 1900 Highway 35 and 2409 Old Mill Road Wall Township and
General Information
Standard status
Active
Size
2,637 SF
Lot size
0.17 Acres
Property subtype
Mixed Use
Listing Agency:
Sitar Realty Company - Corporate
(732) 859-1781
Listed By:
Ronald Schrader Jr.
(732) 859-1781
Source:
Tcnworldwide
Added: Jan 27
Changed: Jul 10
Last Checked: Jul 29 at 4:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sitar Realty Company - Corporate
Investment Insights
Based on property information with market context.
This mixed-use building is available for sale or lease. It is located on a corner property in a prime retail corridor with high traffic on Highway 35, offering excellent visibility. The property provides easy access to Routes 138/195, 34, 18, 71, and the Garden State Parkway. The property is undergoing subdivision, with an estimated completion date in 2026.
The property at 1900 Route 35, Wall Township, features approximately 2,637 square feet of retail space along with a one-bedroom apartment that generates $1,200 per month in rental income. The zoning is HB 80. The annual taxes are $6,079, and there are 4 to 5 parking spaces available.
Additionally, the property includes 2409 Old Mill Road, Spring Lake Heights, which consists of a 50' x 150' lot with an approximately 1,126 square foot building. The zoning is R-3, and the annual taxes are $5,733.
The property at 1900 Route 35, Wall Township, features approximately 2,637 square feet of retail space along with a one-bedroom apartment that generates $1,200 per month in rental income. The zoning is HB 80. The annual taxes are $6,079, and there are 4 to 5 parking spaces available.
Additionally, the property includes 2409 Old Mill Road, Spring Lake Heights, which consists of a 50' x 150' lot with an approximately 1,126 square foot building. The zoning is R-3, and the annual taxes are $5,733.
Key Highlights
- Prime retail corridor location on heavily traveled Highway 35 with excellent visibility.
- Mixed‑use building featuring ±2,637 SF retail space plus a 1‑bedroom apartment generating $1,200/month income.
- Easy access to multiple major routes: 138/195, 34, 18, 71, and the Garden State Parkway.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $79.1k | $30.00 |
| − Vacancy | −$5.4k | −$2.04 |
| EGI | $73.7k | $27.96 |
| − OpEx | −$33.2k | −$12.58 |
| NOI | $40.6k | $15.38 |
2,637 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$579.3K
$506.9K – $675.9K
NOI $40,552 @ 7.0% cap · market cap 3.12%
Second Best
Retail
$537.7K
$470.5K – $627.3K
NOI $37,639 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$688.6K
$602.5K – $803.3K
NOI $48,200 @ 7.0% cap · market cap 3.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with retail space and apartment for sale or lease.
Where is this mixed-use property located?
The property is located at 1900 Highway 35 and 2409 Old Mill Road Wall Township and Spring Lake Heights, NJ.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Prime retail corridor location on heavily traveled Highway 35 with excellent visibility.; Mixed‑use building featuring ±2,637 SF retail space plus a 1‑bedroom apartment generating $1,200/month income.; Easy access to multiple major routes: 138/195, 34, 18, 71, and the Garden State Parkway.
