166 Monmouth St, Red Bank, NJ 07701-1164
- Commercial real estate
- 2,130 SF
- 0.08 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 166 Monmouth St
- Construction
- BRICK
- Lot size
- 0.08 lot acres
- Property type
- Commercial real estate
- APN
- 39 00036-0000-00027- 02
- APU
- 390003600000002702
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 4, 2021 | $399,000 | 166 Monmouth Street LLC | Elizabeth T Canonico | Grant Deed | — |
| May 16, 2008 | — | Canonico,elizabeth T | Canonico,carmine J | Quit Claim Deed · related | — |
Description
This mixed-use property at 166 Monmouth Street in Red Bank, New Jersey, presents a compelling value-add opportunity. The 2,300 square foot building, constructed in 1900 and renovated in 2000, features a large apartment on the second floor and a ground-floor retail space, currently vacant. The property boasts five off-street parking spaces, a significant advantage in this location. Its prime position across from the Red Bank train station (North Jersey Coast Line) provides excellent accessibility to Manhattan. The building sits on a 0.09-acre lot and is zoned BR-1. Located approximately four blocks from downtown Red Bank's Broad Street, it benefits from high foot traffic and proximity to numerous national retailers including Starbucks, CVS, Bank of America, 7-Eleven, and Dunkin'. The property enjoys easy access to major highways such as the Garden State Parkway, Route 35, and Route 36, and is a short ten-minute drive to the coastal towns of Sea Bright and Monmouth Beach. Strong demographics further enhance its appeal, with average household incomes exceeding $170,000 within a three-mile radius and a population exceeding 130,000 within a five-mile radius. This two-story building offers significant potential for rental income generation through the lease of both the retail space and the renovated apartment. The asking price is $725,000.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Red Bank
- County
- Monmouth
- State
- New Jersey
- Longitude
- -74.0735
- Latitude
- 40.3491
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
