11 Norwood Ave Long Branch, NJ 07740
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C-1 Central Commercial District. [Amended 6-22-1993 by Ord. No. 19-93 ] A. Permitted uses. Permitted uses shall be as follows: (1) Retail trade stores, as follows: (a) New or previously unused general merchandise. [Amended 2-14-1995 by Ord. No. 8-95 ] (b) Food. (c) New automobile showrooms of authorized automobile dealerships, and new and used car lots only…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
C-1 · Long Branch, NJC-1 Central Commercial District. [Amended 6-22-1993 by Ord. No. 19-93 ] A. Permitted uses. Permitted uses shall be as follows: (1) Retail trade stores, as follows: (a) New or previously unused general merchandise. [Amended 2-14-1995 by Ord. No. 8-95 ] (b) Food. (c) New automobile showrooms of authorized automobile dealerships, and new and used car lots only in conjunction therewith; automobile and marine accessories; new boat showrooms of authorized boat dealerships; and new and used boat lots or used car lots in conjunction therewith. (d) Apparel and accessories. (e) New or previously unused furniture, home furnishings and equipment. [Amended 2-14-1995 by Ord. No. 8-95 ] (f) Restaurants and eating and drinking places, but not drive-in restaurants. (g) Variety stores, drug stores, florists or other retail trade stores, but not including fuel. (h) Delicatessens. (i) Antique, used book, memorabilia and collectible dealers. [Added 2-14-1995 by Ord. No. 8-95 ] (j) Tattoo parlors, except that no tattoo parlor may be located within 1,000 feet of another tattoo parlor. [Added 2-14-1995 by Ord. No. 8-95 ] (k) Class 5 licensed retailer without a cannabis consumption area. [Added 12-8-2021 by Ord. No. 22-21 ] (2) Service uses, as follows: [Amended 2-14-1995 by Ord. No. 8-95 ] (a) Finance, insurance, real estate, legal, personnel and business consulting services. (b) Governmental services. (c) Educational services and colleges, but excluding primary and secondary. (d) Publication of newspapers and periodicals. (e) Professional office/services. [Added 2-27-1996 by Ord. No. 6-96 ; amended 6-11-1996 by Ord. No. 20-96 ] (3) Assembly hall, bowling alley and motion-picture theater, provided that it is carried on within a building. (4) Municipal buildings, parks and playgrounds. (5) Temporary buildings for uses incidental to construction work, provided that such buildings are removed upon completion or abandonment of the construction work. (6) High Technology Light Industrial. (See § 345-35 for specifics.) (7) Health spa/gym. (See § 345-3 , Definitions.) (8) Barbershop/beauty salon/tanning salon. (9) Farm markets/community farmers’ markets (see §§ 345-10K and 345-3 ). [Added 5-26-2009 by Ord. No. 9-09 ] B. Permitted accessory uses. Permitted accessory uses shall be as follows: [Amended 2-14-1995 by Ord. No. 8-95 ] (1) Signs subject to provisions of Chapter 284 , Signs. (2) Fences, subject to the provisions of § 345-41 . (3) Essential services. (4) Private garages. (5) Off-street parking facilities, subject to the provisions of § 345-42 .
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.