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    610 Nj-71 Spring Lake, NJ 07762
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    610 Nj-71, Spring Lake, NJ 07762

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    • Retail properties & Spaces
    • 2,374 SF
    • 0.18 lot acres
    Off-Market

    Value Estimations
    Cap Rate Potential
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    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 610 Nj-71

    Lot size
    0.18 lot acres
    Property type
    Retail properties & Spaces

    Description

    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.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use


    Location Insight

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    • Local Demand
    City
    Spring Lake
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.0399
    Latitude
    40.149
    More about this property
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