Eatontown Strip Center
For Sale
$1,190,000
5-22 Lewis St, Eatontown, NJ 07724
Strip center with five commercial tenants in a busy area.
Property SizeContact for details
Days on Market346
Property Features for 5-22 Lewis St
General Information
Standard status
Active
Taxes and HOA fees
Annual Taxes
$11,943
Listing Agency:
PK PROPERTY INC.
(215) 668-1666
Listed By:
Peter Han · License #RM422904
(215) 668-1666
Source:
Exprealty
Added: Sep 19, 2025
Changed: Aug 21
Last Checked: Aug 29 at 11:55AM
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 PK PROPERTY INC.
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
679
Businesses Nearby
55k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 48%
McDonald's
Dining
18,421 visits/mo
0.1 miles
Dunkin' Donuts
Dining
8,702 visits/mo
0.3 miles
Dollar General
Shops & Services
7,631 visits/mo
0.2 miles
Lukoil
Shops & Services
7,317 visits/mo
0.1 miles
7-Eleven
Shops & Services
4,529 visits/mo
0.1 miles
Demographics for 07724, NJ
23,494
Population
10,424
Households
2.3
Avg Household Size
44
Median Age
45%
College-Educated
92%
High-School Grad
12.1 sq mi
ZIP Area
1,942
Density / Sq Mi
$99,170
Median Household Income
$53,234
Median Earnings
$1,640
Median Rent
$487,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Tower Market Shopping Center — 37 NJ-35, Eatontown, NJ 07724
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- Shrewsbury Plaza — NJ-35, Shrewsbury, NJ 07702
Frequently Asked Questions
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.
