Mixed-Use Building with
192-194 Westwood Avenue, Long Branch, NJ 07740
For Sale
$1,400,000
Commercial Sale, Long Branch, NJ
Property Size4,808 SF
Lot Size0.17 Acres
Price / SF$291.18
Days on Market141
Property Features for 192-194 Westwood Avenue
General Information
Property type
Property subtype
Zoning description
Parking
Parking features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Water source
Building Details
Year built
Floors in Building
Roof type
Listing Agency:
A Mancini Realty
Listed By:
Roberto Muolo · License #0785995
(732) 222-7777
Added: Jun 22
Changed: Oct 2
Last Checked: Nov 9 at 5:06AM
MLS# 22618852
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 mixed-use building contains two storefronts and three living units within 4,808 square feet. Constructed in 1900, the property has sustained substantial fire damage and is being sold as-is, presenting a renovation project for a buyer seeking a combined commercial and residential asset. The building includes a flat roof, off-street parking, public water, and public sewer.
The property is located near the Long Branch Train Station and Monmouth Medical Center on Westwood Avenue. Its C-3 zoning supports the existing mixed-use configuration and is identified in the source information as accommodating businesses such as retail, office space, a hair salon, gym, or restaurant, along with apartments.
The property is located near the Long Branch Train Station and Monmouth Medical Center on Westwood Avenue. Its C-3 zoning supports the existing mixed-use configuration and is identified in the source information as accommodating businesses such as retail, office space, a hair salon, gym, or restaurant, along with apartments.
Key Highlights
- Two storefronts and three living units
- 4,808‑square‑foot mixed‑use building
- Substantial fire damage; sold as‑is
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,468
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,609,360
$1.6M
Cap Rate 7%
$1,149,543
$1.1M
Cap Rate 9%
$894,089
$894.1K
Market Conditions
NOI Build-Up for 4,808 SF
Gross rent
$122.9K $25.56/SF
− Vacancy
−$7.9K −$1.65/SF
EGI
$115.0K $23.91/SF
− OpEx
−$34.5K −$7.17/SF
NOI
$80.5K $16.74/SF
Area
Monmouth County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,609,360
Cap Rate 7%
$1,149,543
Cap Rate 9%
$894,089
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.01M – $1.34M
NOI $80,468 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$1.06M
$924.2K – $1.23M
NOI $73,937 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$1.26M
$1.10M – $1.46M
NOI $87,883 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,588
Businesses Nearby
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Business Placement
Demographics for 07740, NJ
31,905
Population
15,208
Households
2.1
Avg Household Size
38
Median Age
35%
College-Educated
84%
High-School Grad
5.3 sq mi
ZIP Area
6,020
Density / Sq Mi
$73,806
Median Household Income
$38,614
Median Earnings
$1,744
Median Rent
$521,900
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Monmouth County, NJ
Properties on Market for Mixed-use properties in Monmouth County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - C-3-zoned property combines commercial storefronts with residential units.
Where is this mixed-use property located?
The property is located at 192-194 Westwood Avenue Long Branch, NJ.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Two storefronts and three living units; 4,808‑square‑foot mixed‑use building; Substantial fire damage; sold as‑is
