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Downtown Storefront Property
For Sale
$2,300,000
Pending

703 Grand Central Avenue, Lavallette, NJ 08735

Commercial Sale, Lavallette, NJ

Property Size4,156 SF
Lot Size0.11 Acres
Days on Market98

Property Features for 703 Grand Central Avenue

General Information

Property type Commercial Sale
Property subtype Retail
Zoning description Commercial
Parking features Offsite, On Street
Directions Grand Central Ave across the street from the old Rite Aide building.
Standard status Pending
APN 16-00008-0000-00030
Size 4,156 SF
Lot size 0.11 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 5973

Utilities

Sewer type Public Sewer
Heating system Forced Air
Cooling system Central Air
Water source Public
Water front 1

Building Details

Year built 1935
Floors in Building 1
Roof type Flat
Listing Agency: Crossroads Realty, Inc.
Listed By: George J Shenewolf · License #1220879
Added: Jul 8 Changed: Oct 8 Last Checked: Oct 13 at 8:06AM
MLS# 22620887

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.

Investment Insights

Based on property information with market context.

This 4,156-square-foot storefront property at 703 Grand Central Avenue offers a flexible commercial layout in Lavallette’s B-2 Downtown Business District. The building includes two restrooms and may be configured as two units with Township approval. The district also permits a second-floor apartment, subject to Township approval.

Built in 1935 on a 0.11-acre lot, the property features forced-air heating, central air conditioning, a flat roof, public water, and public sewer. On-street and offsite parking serve the property. Its Grand Central Avenue address places the building in the heart of Lavallette’s downtown business area, with potential applications including retail, office, and restaurant space.

Key Highlights

  • 4,156 square feet of commercial storefront space
  • B‑2 Downtown Business District zoning
  • Two restrooms support potential two‑unit conversion with Township approval

Property Analytics

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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
Under-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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
Rey
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Similar Off Market Nearby

  • Flowers by Melinda — 1403 Grand Central Ave, Lavallette, NJ 08735

Frequently Asked Questions

What type of property is this?
Storefront property - Flexible commercial space with two restrooms, central air, and potential for retail, office, or restaurant use.
Where is this storefront property 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: 4,156 square feet of commercial storefront space; B‑2 Downtown Business District zoning; Two restrooms support potential two‑unit conversion with Township approval
More about this property
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