961 Nj-36 Atlantic Highlands, NJ 07716
This exceptional mixed-use property in Atlantic Highlands, New Jersey, presents a lucrative investment opportunity. Located on a high-traffic corner lot directly off Highway 36, this 3,500 square foot building boasts a strong 6.00% cap rate and 100% occupancy. The property comprises a three-family apartment building, a fully operational auto shop, and three additional storage units, generating substantial rental income. The current rents are below market value, offering significant potential for increased profitability. The B-2 Multi-Use zoning allows for diverse uses, enhancing the property's long-term value and flexibility. The asking price is $1,600,000, translating to $457.14 per square foot. This turnkey operation is ideal for investors seeking immediate cash flow and significant upside potential. The sale includes the real estate only
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.