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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1900 Old Mill Rd Spring Lake, NJ 07762

2,637 SF 0.25 ac lot
Property ID
Property summary
AI-generated overview

This exceptional mixed-use investment opportunity encompasses two properties totaling approximately 3,763 square feet on a combined 0.25-acre lot. The main building, located at 1900 Highway 35 in Wall Township, boasts approximately 2,637 square feet of retail space and a one-bedroom apartment currently generating $1,200 in monthly rent. This building benefits from excellent Route 35 visibility and is situated on a subdivided lot. The property is zoned HB 80 and includes 4-5 parking spaces. Annual property taxes are $6,079. A second parcel, situated at 2409 Old Mill Road in Spring Lake Heights, features a 50' x 150' lot and a building of approximately 1,126 square feet. This property is zoned R-3 and has annual property taxes of $5,733. Both properties may be purchased individually or together for a total asking price of $1,400,000. This presents a unique chance to acquire a well-positioned mixed-use portfolio in a desirable New Jersey location. The properties are located in Monmouth County, NJ, zip code 07762.

Property profile
Verified
Property type Retail properties & Spaces
Total area 2,637 SF
Lot 0.25 ac (10,890 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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