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    1900 Old Ml Rd Spring Lake, NJ 07762

    Sponsored
    For Sale
    $1,400,000

    Wall Twp NJ corner property, high visibility.

    Property size:
    2,637 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use investment opportunity encompasses two properties totaling approximately 3,763 square feet on a combined 0.25-acre lot. The main building, located at 1900 Highway 35 in Wall Township, boasts approximately 2,637 square feet of retail space and a one-bedroom apartment currently generating $1,200 in monthly rent. This building benefits from excellent Route 35 visibility and is situated on a subdivided lot. The property is zoned HB 80 and includes 4-5 parking spaces. Annual property taxes are $6,079. A second parcel, situated at 2409 Old Mill Road in Spring Lake Heights, features a 50' x 150' lot and a building of approximately 1,126 square feet. This property is zoned R-3 and has annual property taxes of $5,733. Both properties may be purchased individually or together for a total asking price of $1,400,000. This presents a unique chance to acquire a well-positioned mixed-use portfolio in a desirable New Jersey location. The properties are located in Monmouth County, NJ, zip code 07762.

    Property Features for 1900 Old Ml Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,637 SF
    Lot Size
    10,890 SF

    HighLights

    • High visibility from Route 35.
    • Subdivision approval complete.
    • 1900 Route 35, Wall Township.
    • 2,637 SF retail space plus a 1‑bedroom apartment generating $1,200/month rent.
    • HB‑80 zoning.
    • Annual property taxes: $6,079.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spring Lake
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.0515889
    Latitude
    40.1597577

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    FAQs

    What type of property is this?
    Multifamily property - Wall Twp NJ corner property, high visibility.
    Where is this multifamily property located?
    The property is located at 1900 Old Ml Rd Spring Lake, NJ.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: High visibility from Route 35.; Subdivision approval complete.; 1900 Route 35, Wall Township.
    Request Owner's contact information
    1900 Old Ml Rd Spring Lake, NJ 07762
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    Spring Lake, NJ 07762
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1900 Old Ml Rd Spring Lake, NJ 07762
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