688 Joline Ave Long Branch, NJ 07740
This exceptional 0.83-acre commercial land parcel, located at 688 Joline Avenue in Long Branch, New Jersey, presents a unique investment opportunity. Situated on a prime corner lot at a signalized intersection, this property boasts exceptional visibility and accessibility. The zoning is designated MB & R4, offering a range of potential development options. With a substantial lot size of 36,155 square feet, the property is ideally suited for a variety of commercial uses. The location benefits from strong demographics and high traffic volume, with a daily traffic count of 23,998 vehicles on Joline Avenue. Its proximity to Long Branch Beach (less than two miles) and the popular Monmouth Park Racetrack (which saw 465,244 attendees in 2023) further enhances its appeal. The area is also home to a variety of established national tenants, including 7-Eleven, Lukoil, Ace Hardware, BP, AutoZone, U-Haul, and Dunkin', indicating a thriving commercial environment. This property offers significant potential for investors seeking a high-traffic, strategically located site in a vibrant coastal community. The asking price is $1,500,000. The property's address is 688 Joline Ave, Long Branch, NJ 07740, within Monmouth County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.