119 Newman Springs Rd Shrewsbury, NJ 07702
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.
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
Similar Nearby for Lease
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.