3-Unit Mixed-Use
For Sale
$2,589,000
1404 E Central Avenue, Lavallette, NJ 08735
Commercial Sale, Lavallette, NJ
Property Size6,273 SF
Lot Size0.11 Acres
Price / SF$412.72
Days on Market43
Property Features for 1404 E Central Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Office, Multi-Family, Retail, Residential, Professional, Neighborhood, Multi-Use, Mixed, Commercial, Central Business
Parking features
On Street, Off Street
Exterior features
Display Window
Lot features
Level, Curbing, Landscaped, Sidewalks
Directions
Take Route 35 North to building on left. (called E Grand Central Ave in Lavallette)
Standard status
Active
APN
16-00041-01-00003
Size
6,273 SF
Lot size
0.11 Acres
Additional Details
Mixed-Use Components
commercial, residential
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9086
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Hot Water(Heating)
Cooling system
Central Air
Water source
Public
Amenities
balcony
deck
laundry room
linen closet
pantry
storage rooms
office
exercise room
Building Details
Year built
1974
Floors in Building
2
Flooring type
Wood, Concrete, Vinyl
Buildings
1
Listing Agency:
Diane Turton, Realtors-Wall
Listed By:
Rosemarie J Caruso
(732) 292-1400
Added: Sep 25
Changed: Oct 25
Last Checked: Nov 6 at 12:06PM
MLS# 22630391
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This two-story mixed-use building contains 6,273 square feet and three units: two commercial spaces on the ground floor and a three-bedroom, two-bath apartment above. The apartment includes a balcony off the primary bedroom, a deck accessed from the dining room and bedrooms, and a laundry room with washer and dryer. Additional interior areas can serve as storage, office, or exercise space. The building was constructed in 1974 and occupies a 0.11-acre parcel.
Situated in downtown Lavallette, the property is among businesses, restaurants, and residential uses. Building features include display windows, central air, and forced-air and hot-water heating. Public water and sewer serve the property, with both on-street and off-street parking listed.
Situated in downtown Lavallette, the property is among businesses, restaurants, and residential uses. Building features include display windows, central air, and forced-air and hot-water heating. Public water and sewer serve the property, with both on-street and off-street parking listed.
Key Highlights
- Three‑unit, two‑story mixed‑use building with 6,273 square feet
- Two commercial units on the ground level
- Upper‑level apartment has 3 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,536
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,790,720
$1.8M
Cap Rate 7%
$1,279,086
$1.3M
Cap Rate 9%
$994,844
$994.8K
Market Conditions
NOI Build-Up for 6,273 SF
Gross rent
$135.5K $21.60/SF
− Vacancy
−$7.6K −$1.21/SF
EGI
$127.9K $20.39/SF
− OpEx
−$38.4K −$6.12/SF
NOI
$89.5K $14.27/SF
Area
Ocean County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,790,720
Cap Rate 7%
$1,279,086
Cap Rate 9%
$994,844
Alternative Uses
Best Use
Retail
$1.28M
$1.12M – $1.49M
NOI $89,536 @ 7.0% cap · market cap 3.46%
Second Best
Mixed Use
$1.04M
$905.7K – $1.21M
NOI $72,453 @ 7.0% cap · market cap 2.80%
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,660 @ 7.0% cap · market cap 4.43%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
279
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 85%
Dining 15%
Sunoco
Shops & Services
1,974 visits/mo
0.3 miles
PNC Bank
Shops & Services
1,315 visits/mo
0.4 miles
Playa Bowls
Dining
571 visits/mo
0.5 miles
Demographics for 08735, NJ
3,064
Population
7,244
Households
0.4
Avg Household Size
64
Median Age
50%
College-Educated
97%
High-School Grad
1.7 sq mi
ZIP Area
1,802
Density / Sq Mi
$85,265
Median Household Income
$64,875
Median Earnings
$865,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Ocean County, NJ
Properties on Market for Mixed-use properties in Ocean County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two street-level commercial spaces sit beneath a three-bedroom apartment with a private balcony and deck.
Where is this mixed-use property located?
The property is located at 1404 E Central Avenue Lavallette, NJ.
What is the asking price?
The asking price for this property is $2,589,000.
What are key features of this property?
This property features: Three‑unit, two‑story mixed‑use building with 6,273 square feet; Two commercial units on the ground level; Upper‑level apartment has 3 bedrooms and 2 full bathrooms
