610 Nj-71 Spring Lake, NJ 07762
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.