239 State Rte 79th N, Morganville, NJ 07751-1157

Property Details for 239 State Rte 79th N

Year built

1965

Construction

TYPE NOT SPECIFIED

Lot size

1.00 lot acres

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.

Location Insight

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