0.34 Acres Lot
0.34 Acres Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID NJMM2004272
Year Built 1930
Annual Tax Amount $7,296
Tax Year 2025
Lot Size 0.340 Acres
Acres 0.34
Property Sub-Type Mixed Use
Source 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 3-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
Exterior
Garage Spaces 20.0
Water Access N
Accessibility None
Total Parking Spaces 20
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Wall Township Public Schools
Others
Tax ID 52-00001-0000-00003
Ownership Fee Simple
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
