221 Monmouth Rd Oakhurst, NJ 07755-1540
- Commercial real estate
- 5,220 SF
- 0.67 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 221 Monmouth Rd
- Year built
- 1975
- Construction
- BRICK
- Lot size
- 0.67 lot acres
- Property size
- 5,220 SF
- Zone code
- O140
- Property type
- Commercial real estate
- APN
- 37 00022-0000-00015
- APU
- 3700022000000015
Description
This exceptional 5,220 square foot freestanding commercial building is situated on a 0.67-acre lot in the desirable Oakhurst, NJ, location. Originally a bank branch, the property boasts a striking brick facade and retains its classic architectural elegance. Inside, the building offers a comfortable and productive work environment thanks to central air conditioning. The building's prime location in the heart of Oakhurst ensures high visibility and easy accessibility for clients and employees. This presents a unique opportunity for businesses seeking a blend of historical character and modern functionality. The spacious interior provides ample room for various business configurations, making it suitable for a wide range of commercial uses. The 0.67-acre lot offers potential for expansion or additional parking, further enhancing the property's value and versatility. The building's strong structural integrity and well-maintained condition are testament to its enduring quality. This property offers a rare combination of historical charm, modern convenience, and a highly desirable location, making it an exceptional investment opportunity in a thriving New Jersey community. The asking price is $2,499,000. This is a turnkey opportunity for a business seeking a prestigious and functional space in a vibrant town.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,120,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $935,000
- 6.5%
- $885,000
- 7%
- $915,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,090,000
- Geo Method
- $890,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $935,000
- Retail
- $1,135,000
- Mixed-Use
- $1,035,000
- Hospitality
- $1,085,000
- Educational
- $1,025,000
- Residential Income
- $1,140,000
- Energy
- $905,000
- Income-Based Land
- $1,050,000
- Food Service
- $1,010,000
Location Insight
- Map
- Local Demand
- City
- Oakhurst
- County
- Monmouth
- State
- New Jersey
- Longitude
- -74.0111
- Latitude
- 40.2598
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
