Current Use by Public Records
- Retail properties & Spaces
Property Details for 129 Highway 35
- Lot size
- 1.05 lot acres
- Property type
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a 1,320 square foot auto service building situated on a prominent corner lot at 129 Highway 35, Unit 129, Keyport, NJ. The property encompasses a total of 1.05 acres, combining the 0.4017-acre building site with an additional 0.6456 acres of adjacent land, offering significant potential for future expansion or development. Currently leased until August 2028, with a five-year option, the building generates a stable annual income of $55,000. This ensures a strong cash flow for the investor from day one. The building's strategic location on busy Highway 35 provides excellent visibility and accessibility, further enhanced by its proximity to Highways 36 and the Garden State Parkway. This prime location ensures high traffic volume and easy access for customers and employees alike. The property represents a rare combination of immediate income generation and long-term growth potential, making it an attractive investment for discerning buyers seeking a stable and profitable venture in a desirable New Jersey location. The substantial land area offers considerable flexibility for future development or expansion, adding to the overall value proposition. This is a turnkey investment ready for immediate returns.
Value Estimations
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AI approach
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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
- -74.2403
- Latitude
- 40.4513
