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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

610 Nj-71 Spring Lake, NJ 07762

2,374 SF 0.18 ac lot
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity encompasses two buildings situated on a 0.18-acre lot in desirable Spring Lake, New Jersey, at 610 NJ-71, zip code 07762. The property boasts a total of 2,374 square feet and offers a unique blend of commercial and residential space. The main building features a fully equipped commercial kitchen, perfect for a variety of food-related businesses. This includes two commercial stainless-steel hoods and multiple wash stations/sinks. A detailed inventory of the existing commercial kitchen equipment is available upon request. The second building is a charming two-story Cape Cod style residence, offering three bedrooms and one and a half bathrooms. The first floor of the residence has been recently updated. Preliminary plans for a second-floor addition are available for review. The property also includes six dedicated paved off-street parking spaces, a significant advantage in this high-traffic area. The location on Highway 71 ensures excellent visibility and accessibility, making it ideal for a thriving business. This property is situated within a collection of upscale communities, presenting a strong potential for both commercial success and residential appeal. The asking price for this unique dual-purpose property is $1,250,000.

Property profile
Verified
Property type Retail properties & Spaces
Total area 2,374 SF
Lot 0.18 ac (7,841 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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