961 Nj-36 Atlantic Highlands, NJ 07716
- Retail properties
- 3,500 SF
Current Use by Public Records
- Retail properties
Property Details for 961 Nj-36
- Property size
- 3,500 SF
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
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
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
- Atlantic Highlands
- County
- Monmouth
- State
- New Jersey
- Longitude
- -74.0478
- Latitude
- 40.4125
