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Mixed-Use Property in Neptune

1528 Monroe Avenue, Neptune, NJ 07753

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For Sale

$775,000

Mixed-use property with multiple income streams and strong tenancy.

Type:Commercial

Property size:

3,962 SF

Lot size:

0.20 Acres

Price / SF:

$195/SF

HighLights

Multiple income streams from 4 established tenants (laundromat, convenience store, barber shop, residential apartment).
Strong tenancy in place provides reliable cash flow.
High visibility location with steady neighborhood traffic.
Excellent opportunity for both investors and owner‑operators.
Tenants pay all utilities except sewer.
Ample parking available.

We can help!

Listing Contact

NICHOLAS SINOPOLI

Learn more

For Sale

$775,000

Mixed-use property with multiple income streams and strong tenancy.

Type:Commercial

Property size:

3,962 SF

Lot size:

0.20 Acres

Price / SF:

$195/SF

Added:: Sep 17, 2025
Days on Market:: 266
Last Refresh:: Apr 5 at 9:09 pm

Property Features for 1528 Monroe Avenue

General Information

Standard status: Active
Size: 3,962 SF
Lot size: 0.20 Acres
Property subtype: Commercial

Building Details

Year Built: 1930

We can help!

Listing Contact

NICHOLAS SINOPOLI

Listing agent NICHOLAS SINOPOLI

Listing office NJ ELITE GROUP LLC

Listing date Sep 17, 2025

Source Corcoran

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 NJ ELITE GROUP LLC

HighLights

Multiple income streams from 4 established tenants (laundromat, convenience store, barber shop, residential apartment).
Strong tenancy in place provides reliable cash flow.
High visibility location with steady neighborhood traffic.
Excellent opportunity for both investors and owner‑operators.
Tenants pay all utilities except sewer.
Ample parking available.

Overview

This mixed-use property in Neptune features multiple income streams with strong tenancy. The building includes an owner-operated laundromat, a convenience store, a barber shop, and a residential apartment. The current rent roll includes $2,408.00 from the convenience store, $1155.00 from the barbershop, and $1,575 from the 2-bedroom residential apartment. The property benefits from high visibility and steady neighborhood traffic. The landlord is responsible for sewer, while all other utilities are separately metered and paid by the tenants. The property size is 3,962 square feet and ample parking is available.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$118.9k	$30.00
− Vacancy	−$8.1k	−$2.04
EGI	$110.8k	$27.96
− OpEx	−$49.8k	−$12.58
NOI	$60.9k	$15.38

3,962 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$870.4K

$761.6K – $1.02M (±1% cap)

NOI $60,928 @ 7.0% cap · market cap 7.86%

Second Best

Specialty Retail

$865.6K

$757.4K – $1.01M (±1% cap)

NOI $60,590 @ 7.0% cap · market cap 7.82%

Theoretical Best

Office A

$1.03M

$905.2K – $1.21M (±1% cap)

NOI $72,419 @ 7.0% cap · market cap 9.34%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Grocery and convenience stores

Suggested Use

Location Insight

Map
Local Demand

City: Neptune
County: Monmouth
State: New Jersey
Longitude: -74.0285
Latitude: 40.2211

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For sale
Mixed-use properties
NJ
Neptune
07753
1528 Monroe Avenue

What type of property is this?

Mixed-use property - Mixed-use property with multiple income streams and strong tenancy.

Where is this mixed-use property located?

The property is located at 1528 Monroe Avenue Neptune, NJ.

What is the asking price?

The asking price for this property is $775,000.

What are key features of this property?

This property features: Multiple income streams from 4 established tenants (laundromat, convenience store, barber shop, residential apartment).; Strong tenancy in place provides reliable cash flow.; High visibility location with steady neighborhood traffic.