119 Newman Spg Rd Shrewsbury, NJ 07702
- Retail properties
- 6,200 SF
- 0.51 lot acres
Current Use by Public Records
- Retail properties
Property Details for 119 Newman Spg Rd
- Lot size
- 0.51 lot acres
- Property size
- 6,200 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional 6,200 square foot storefront property, located at 119 Newman Springs Rd in Shrewsbury, New Jersey (zip code 07702), presents a lucrative investment opportunity. Situated on a 0.51-acre lot, this single-tenant building is currently occupied by Big Red Property and boasts a prominent location on a major thoroughfare between the Garden State Parkway and Highway 35, ensuring high visibility and substantial foot traffic. The property is zoned B-1 (Business Zone), allowing for a variety of commercial uses. The asking price is $1,999,000, translating to a price per square foot of $322.42. Ample on-site parking is available for customers and employees. The building is a single-story structure, offering convenient access and functionality. This is an ideal opportunity for investors seeking a well-located, established retail property in a thriving New Jersey market. The property's strategic location and substantial square footage make it an attractive investment with significant potential for future growth and return. This is a rare opportunity to acquire a high-performing retail space in a prime Monmouth County 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
- Shrewsbury
- County
- Monmouth
- State
- New Jersey
- Longitude
- -74.0594
- Latitude
- 40.3246
