129 Nj-35 Keyport, NJ 07735
- Retail properties
- 1,320 SF
- 1.05 lot acres
Current Use by Public Records
- Retail properties
Property Details for 129 Nj-35
- Lot size
- 1.05 lot acres
- Property size
- 1,320 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a 1,320 square foot auto service building situated on a substantial 1.047-acre lot in Keyport, New Jersey. The property boasts a prime corner location on the busy NJ-35 highway, providing excellent visibility and accessibility. The building is currently leased until August 2028, with a five-year option, generating an annual income of $55,000. This represents a strong return on investment for the asking price of $1,295,000, with a price per square foot of $981.06. The property is zoned HC (Highway Commercial District), allowing for a variety of potential uses. The convenient location offers easy access to major roadways including Highways 35 and 36, as well as the Garden State Parkway, ensuring high traffic volume and potential for future growth. This single-story building sits on a sizable lot, presenting opportunities for expansion or development. The current lease provides immediate cash flow, making this a compelling investment for both seasoned and new investors seeking a stable and profitable venture in a high-traffic area. The property's location in Monmouth County, New Jersey, further enhances its appeal. This is a rare opportunity to acquire a well-established, income-producing property in a desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Keyport
- County
- Monmouth
- State
- New Jersey
- Longitude
- -74.1974
- Latitude
- 40.436
