5-22 Lewis St Eatontown, NJ 07724

Listing office PK PROPERTY INC. p***@gmail.com Show Phone

Listing date Sep 19, 2025

Source Exprealty

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Investment Insights

Based on property information with market context.

This investment property is a strip center featuring five commercial tenants. The tenant roster includes a pizza restaurant with a lease signed within the last six months for 10 years, paying $2,500.00 monthly and undergoing recent redecoration. An electronic smoke shop (Cigar & Cigarette Accessories) pays $2,400.00 monthly, with a lease signed four months ago for 15 years. A hair salon, a long-term tenant on a month-to-month lease, pays $1,020.00 monthly. A dry cleaner pays $1,550.00 monthly and has renewed for another 10 years upon lease expiration; this is a drop shop without machines. Unit 5 is occupied by a dance studio, paying $1,500.00 monthly. A municipal parking lot with space for 50 cars is available; the township is responsible for its maintenance, taxes, insurance, and snow removal, and it is open to the public. The annual gross rental income is $105,240.00, with expenses of $21,000.00, resulting in a net annual rental income of $84,240.00. Several national franchises are located nearby, including McDonald's and 7-Eleven. The property is situated in a crowded and busy downtown area.

Key Highlights

• High Net Annual Rental Income: $84,240.00
• Diversified Tenant Mix: Includes pizza restaurant, electronic smoke shop, hair salon, dry cleaner drop shop, and dance studio.
• New Long‑Term Leases: Pizza restaurant (10 years) and electronic smoke shop (15 years) provide long‑term income.

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FAQs

What type of property is this?

Shopping center - Strip center with five commercial tenants in a busy area.

Where is this shopping center located?

The property is located at 5-22 Lewis St Eatontown, NJ.

What is the asking price?

The asking price for this property is $1,190,000.

What are key features of this property?

This property features: High Net Annual Rental Income: $84,240.00; Diversified Tenant Mix: Includes pizza restaurant, electronic smoke shop, hair salon, dry cleaner drop shop, and dance studio.; **New Long‑Term Leases**: Pizza restaurant (10 years) and electronic smoke shop (15 years) provide long‑term income.