1820 Lanes Mill Rd - Freestanding FOR SALE


Brick, NJ 08724
$7,300,000 USD
732-998-1826
1820 Lanes Mill Rd, Brick, NJ for Sale
$7,300,000 USD
Freestanding - FOR SALE
1/6
null | Request Cap Rate

1820 Lanes Mill Rd
Brick, NJ 08724


HIGHLIGHTS

  • Prime Location & Visibility Located on Lanes Mills Road, the property benefits from strong traffic exposure and easy accessibility
  • The property offers clear potential to increase value through cosmetic improvements
  • The ±17,500 SF configuration supports a diverse tenant mix, reducing risk and providing flexibility for future leasing strategies.

OVERVIEW

Investment Opportunity – Stabilized Retail Asset in Prime Brick, NJ Corridor Positioned along the highly trafficked corridor of 1820 Lanes Mills Rd, this ±17,500 SF multi-tenant retail property presents a compelling investment opportunity in one of Ocean County’s most active commercial markets. The asset features a diverse tenant mix generating approximately $452,656 in annual gross income, with a net operating income of $359,996. The property offers stable in-place cash flow with upside potential through strategic leasing and operational improvements. Situated on a well-traveled roadway with strong visibility and accessibility, the property benefits from consistent traffic flow and proximity to surrounding residential density, national retailers, and key local amenities. The site includes on-site parking and functional retail layouts, making it attractive to a wide range of tenants. While the property has not undergone recent renovations, it presents a value-add opportunity for investors seeking to enhance curb appeal and increase long-term asset performance. This offering is ideal for investors looking to acquire a well-located retail asset with existing income, repositioning potential, and strong fundamentals within the growing Brick submarket.

FOR SALE DETAILS

PRICE

$7,300,000 USD

PRICE/SF

$418 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

87

LAND DETAILS

LAND ACRES

2.39 AC

LAND SF

104,108 SF

ZONING

RR1

APN/PARCEL ID

07-01429-0000-00007

ASK ABOUT THIS PROPERTY

Devin FoderaroKeller Williams Realty Monmouth/OceanMore Info
732-998-1826

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Devin FoderaroKeller Williams Realty Monmouth/OceanMore Info
732-998-1826

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.