166 Monmouth St Red Bank, NJ 07701-1164

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.