239 State Rte 79th N Morganville, NJ 07751-1157
Property profile & analytics
239 State Rte 79th N Morganville, NJ 07751-1157
- Commercial real estate
- 2,156 SF
- 1.00 lot acres
Property ID
US59-1149597
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 239 State Rte 79th N
- Year built
- 1965
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.00 lot acres
- Property size
- 2,156 SF
- Zone code
- C-2
- Property type
- Commercial real estate
- APN
- 30 00168-0000-00010
- APU
- 3000168000000010
Description
This exceptional investment opportunity presents a mixed-use property ideally situated on Route 79 in the Morganville section of Marlboro Township, NJ. The property encompasses two buildings on a one-acre lot, offering a compelling blend of commercial and residential income streams. The main building, a three-story structure, features approximately 1,000 square feet of ground-floor retail space currently leased to long-term tenants under multi-year agreements. Above the retail space, a spacious 1,160-square-foot, two-bedroom apartment occupies the second floor. This apartment boasts an oversized galley kitchen, dining room, living room, laundry facilities, and a private outdoor deck. Additional rooms on the third floor, accessible via a separate entrance, are currently used as storage by the apartment tenant. A second building on the property provides an additional 780 square feet of workshop and retail space, complemented by ample attic storage on the second floor. The entire property benefits from a recently installed, large-capacity, state-of-the-art sewage system, ensuring efficient and reliable operation. The property's location in a C-2 Neighborhood Commercial District and its backing to the Henry Hudson Trail add to its desirability. This income-producing property, with its established tenants and diverse space, represents a strong addition to any investment portfolio. The property is listed at $695,000 and offers significant potential for long-term growth and return.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $485,000
- 6.5%
- $450,000
- 7%
- $415,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $633,000
Market price range: $346k - $844k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $560,000 Current use
- OFFICE BUILDING
- $530,000 Change: -5% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Morganville
- County
- Monmouth
- State
- New Jersey
- Longitude
- -74.2503
- Latitude
- 40.3517
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$9,055
$300,000
$81,900
$381,900
-
$300,000
$81,900
$381,900
