555 Shrewsbury Ave, Shrewsbury, NJ 07702
- Commercial real estate
- 26,838 SF
- 9.72 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 555 Shrewsbury Ave
- Year built
- 1992
- Lot size
- 9.72 lot acres
- Property type
- Commercial real estate
- APN
- 44 00003-0000-00004
- APU
- 4400003000000004
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 15, 2009 | — | 555 Shrewsbury Avenue LLC | Russo,vincent J | Grant Deed | $4M · Valley National Bank |
| — | — | Vincent J Russo JR. | — | Deed Of Trust · related | $12.5M · Valley National Bank |
Description
This exceptional 2,800-square-foot retail space is ideally situated in Shrewsbury, NJ, at 555 Shrewsbury Avenue within the Village Shops. Currently configured as a meat shop, this single-tenant space offers immense potential for various retail or restaurant uses. Built in 1992 and renovated in 2021, the property boasts a Class B rating and features a beautifully decorated open-concept layout. High-end equipment is included, along with a convenient office and bathroom. The space is further enhanced by two entrances, one at the front and another at the rear, providing excellent accessibility. A substantial walk-in freezer and kitchen with a hood are key features. The asking price is $24 NNN. High-value equipment (valued at $200,000, negotiable) is available for purchase separately. The property is located in the Shrewsbury Boro submarket, with the address being 555 Shrewsbury Ave, Shrewsbury, NJ 07702. The space is situated on one story and does not include elevators. The property's Assessor's Parcel Number (APN) is 44-00003-0000-00004.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $6,040,000
- 6.5%
- $5,575,000
- 7%
- $5,175,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $3,698,000
Market price range: $1.30M - $4.92M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Shrewsbury
- County
- Monmouth
- State
- New Jersey
- Longitude
- -74.0724
- Latitude
- 40.3327
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
