0.34 Acres Lot
0.34 Acres Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Lot Size 0.340 Acres
MLS Listing ID NJMM2004272
Financing Conventional
Total Units 5
Short Sale No
Originating MLS BRIGHT
Property Description
1614 Route 71 presents an attractive mixed-use investment opportunity in the heart of Belmar, New Jersey. The property consists of three fully leased street-level retail stores and two spacious 2-bedroom residential apartments, offering a balanced income stream with built-in upside.
The asset generates a projected 7.1% cap rate on current operations with a gross annual income of $118,200. The retail component is fully leased, providing stable in-place cash flow, while the residential units offer clear upside through rent increases, allowing an investor to enhance returns over time.
Located along Route 71, the property benefits from strong visibility, traffic exposure, and proximity to Belmar's downtown, transit, and Jersey Shore amenities, supporting both retail tenancy and residential demand.
Well-suited for investors seeking steady cash flow with value-add potential in a proven shore market.
Location
State NJ
County Monmouth
Area Belmar Boro (21307)
Zoning MU
Interior
Hot Water Natural Gas
Heating Baseboard - Hot Water
Cooling Multi Units
Heat Source Natural Gas
1-purchase type For Sale
Exterior
Garage Spaces 20
Waterfront N
Water Access N
Accessibility None
Parking Type Parking Lot, Driveway
Total Parking Spaces 20
Building
New Construction N
Sewer Public Sewer
Water Public
Schools
School District Wall Township Public Schools
Others
Tax Amount $7,296
Tax Year 2025
Tax ID 52-00001-0000-00003
Ownership Fee Simple
Acceptable Financing Conventional
Special Sale Standard
