253 Mantoloking Rd - Apartments FOR SALE


Brick, NJ 08723
$1,650,000 USD
732-856-1860
253 Mantoloking Rd, Brick, NJ for Sale
$1,650,000 USD
Apartments - FOR SALE
1/48
null | 6.4% Cap Rate

253 Mantoloking Rd
Brick, NJ 08723


OVERVIEW

New Commercial Listing – 253 Mantoloking Road, Brick Township, NJ Offered at $1,650,000 This mixed-use investment property delivers immediate income with strong upside potential. Two 3-Bedroom Apartments on the first floor, fully rented. Second Floor Build-Out Potential: Approved plans and zoning for a third 3-bedroom apartment plus 1,000 sqft of office space. Pre-plumbed for Expansion, making the additional unit and office easy to complete. Large On-Site Parking Lot for tenants and office use. Just minutes to Mantoloking Bridge and the beach, offering a highly desirable location for both residential and commercial tenants. Strong Returns with a 6.4% cap rate. A rare opportunity in Brick Township to acquire a stabilized asset with built-in growth potential in a prime Jersey Shore location.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$289 USD /SF

# OF UNITS

1

PRICE/UNIT

$1,650,000

CAP RATE

6.4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2007

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.11 AC

LAND SF

48,352 SF

ZONING

VZ

APN/PARCEL ID

07-00109-11-00001

ASK ABOUT THIS PROPERTY

George Jablonski IIeXp RealtyMore Info
732-856-1860

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George Jablonski IIeXp RealtyMore Info
732-856-1860

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