401 Richmond Ave Point Pleasant Beach, NJ 08742
For Sale
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This exceptional 3,378 square foot storefront, located at 401 Richmond Ave in Point Pleasant Beach, NJ 08742, presents a unique investment opportunity. Situated on a 0.34-acre lot, this single-story building boasts General Commercial (GC) zoning, allowing for diverse commercial uses. Constructed in 1990 and extensively renovated, the property features high ceilings – 13 feet in the front two bays and 16 feet in the side bays – providing ample space and flexibility. The building includes two 9.83'H x 9.83'W garage doors in the front bays and one oversized 14'H x 12'W garage door in the side bay, ideal for various business needs. The 2024 real estate taxes are $14,994. This property's strategic location and versatile design make it an attractive option for a wide range of commercial ventures. The asking price is $1,300,000.
The requirements of the underlying GC and HC zoning districts shall apply unless otherwise authorized herein. 2. The first floor uses shall be retail or restaurant or uses that otherwise activate the street. Uses on upper floors shall be as permitted in the applicable GC or HC Zoning District. 3. Must comply with the Overlay District regulations and design g…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
GC · Point Pleasant Beach, NJThe requirements of the underlying GC and HC zoning districts shall apply unless otherwise authorized herein. 2. The first floor uses shall be retail or restaurant or uses that otherwise activate the street. Uses on upper floors shall be as permitted in the applicable GC or HC Zoning District. 3. Must comply with the Overlay District regulations and design guidelines, below. 4. A deed restriction safeguarding preservation of the facade until or unless it is destroyed by natural causes shall be required upon approval. 5. New construction buildings must be set back a minimum of 10 feet; existing buildings are encouraged to set back eight feet from the curb face providing sidewalk space for pedestrian movement and outside dining opportunities. b. Plans shall be submitted to the Historic Preservation Commission (HPC) by the board/official before whom the application is pending. The HPC shall review the plans and provide a recommendation to the Construction Code Official, Zoning Officer, Planning Board, or Zoning Board, as appropriate, in conjunction with the application to be determined within 10 days of submittal. Said board/official may approve an application that is contrary to the Historic Commission's recommendations but shall provide reasons for such action if a timely recommendation from the HPC has been received. c. Any project involving an existing building 75 years or older shall provide a deed restriction safeguarding preservation of the facade upon approval.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.