Building Details

Tenancy Multi

Listing Agency: BHHS Fox & Roach Spring Lake

Listed By: Edward Szumski · License #NJ SB1644256

Source: Crexi

Added: Apr 11 Changed: Aug 30 Last Checked: Aug 31 at 3:12PM

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Investment Insights

Based on property information with market context.

Located at 516 Warren Avenue in Spring Lake, New Jersey, this mixed-use property combines five units within a single commercial and residential asset. The ground-level component includes three commercial or retail rentals occupied by a liquor store, deli/catering operation, and embroiderer shop. Two apartments are positioned upstairs, including a three-bedroom, 1.5-bath residence and a second three-bedroom, 1-bath residence.

The property occupies an approximate 70 X 150 lot in a shore-town setting. Joseph’s Delicatessen is expected to remain in place under a new lease, providing continuity for that commercial space. The combination of established retail occupancy and multiple residential units creates a varied-use configuration at this Spring Lake address.

Key Highlights

• Five‑unit mixed‑use property with 3 commercial/retail rentals and 2 apartments
• Approx. 70 X 150 lot in Spring Lake, NJ
• Commercial tenants include a liquor store, deli/catering operation, and embroiderer shop

Property Analytics

Property Profile

Current Use

Storefront properties

Suggested Use

Top Pick Hair Salon Nail Salon Big Box & Wholesale Store Dental Office Auto Parts Store Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

790

Businesses Nearby

Explore this area Business Placement

Demographics for 07762, NJ

8,642

Population

5,109

Households

1.7

Avg Household Size

55

Median Age

64%

College-Educated

96%

High-School Grad

2.8 sq mi

ZIP Area

3,086

Density / Sq Mi

$103,947

Median Household Income

$68,061

Median Earnings

$1,775

Median Rent

$871,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Three commercial rentals share the building with two upstairs apartments in Spring Lake’s shore-town setting.

Where is this mixed-use property located?

The property is located at 516 Warren Ave Spring Lake, NJ.

What are key features of this property?

This property features: Five‑unit mixed‑use property with 3 commercial/retail rentals and 2 apartments; Approx. 70 X 150 lot in Spring Lake, NJ; Commercial tenants include a liquor store, deli/catering operation, and embroiderer shop