1900 Old Ml Rd Spring Lake, NJ 07762
- Retail properties
- 2,637 SF
- 0.25 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1900 Old Ml Rd
- Lot size
- 0.25 lot acres
- Property size
- 2,637 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
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.
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
- Spring Lake
- County
- Monmouth
- State
- New Jersey
- Longitude
- -74.0516
- Latitude
- 40.1598
