Building Details

Year Built 1935

Listing Agency: CROSSROADS REALTY, INC. Show Phone

Listed By: GEORGE J SHENEWOLF · License #1220879 Show Phone

Source: Corcoran

Added: Jul 9 Changed: Aug 22 Last Checked: Aug 14 at 7:32AM

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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 CROSSROADS REALTY, INC.

Investment Insights

Based on property information with market context.

Located at 703 Grand Central Avenue in Lavallette, this ocean-block storefront property sits within the B-2 Downtown Business District. The building is offered for sale as a retail and/or office space and is described as a strong fit for most retail, office, or restaurant uses.

The property consists of 4,156 square feet and includes two restrooms. The layout is described as making it easy to convert into two units with township approval.

Under the B-2 District, a second-floor apartment is also noted as an allowable option with township approval. Prospective buyers should confirm specific approvals and final configuration requirements with the township.

Key Highlights

• Ocean‑block storefront in the heart of Lavallette in the B‑2 Downtown Business District
• 4,156 SF building with two restrooms
• Can be converted to two units with township approval

Property Analytics

Property Profile

Current Use

Martins Casuals Clothing Store

Suggested Use

Top Pick Dental Office Auto Repair Shop Spa & Massage Center Grocery & Convenience Store Nail Salon (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

282

Businesses Nearby

4k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 100%

Lenny's Pizza Dining

3,032 visits/mo 0.2 miles

Playa Bowls Dining

571 visits/mo 0.1 miles

Demographics for 08735, NJ

3,064

Population

7,244

Households

0.4

Avg Household Size

64

Median Age

50%

College-Educated

97%

High-School Grad

1.7 sq mi

ZIP Area

1,802

Density / Sq Mi

$85,265

Median Household Income

$64,875

Median Earnings

$865,200

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Ocean-block storefront property offers two restrooms and can be converted to two units with township approval.

Where is this retail space located?

The property is located at 703 Grand Central Avenue Lavallette, NJ.

What is the asking price?

The asking price for this property is $2,300,000.

What are key features of this property?

This property features: Ocean‑block storefront in the heart of Lavallette in the B‑2 Downtown Business District; 4,156 SF building with two restrooms; Can be converted to two units with township approval