604 Richmond Ave - Storefront Retail/Residential FOR SALE


Point Pleasant Beach, NJ 08742
$1,750,000 USD
732-600-1682
604 Richmond Ave, Point Pleasant Beach, NJ for Sale
$1,750,000 USD
Storefront Retail/Residential - FOR SALE
1/7
null | 7.09% Cap Rate

604 Richmond Ave
Point Pleasant Beach, NJ 08742


HIGHLIGHTS

  • Walking distance to Downtown Pt Pleasant Beach and the Train Station

OVERVIEW

5 unit Mixed Use Investment in Pt Pleasant Beach. Retail tenant (Stohrer's Appliances) is on a new 5 year lease (w/ options). Stohrer's has been in business 45+ years in the same location. There are (4) 2nd floor apartments; (2) 1BR/1BA and (2) 2BR/2BA. Two of the apartments have been renovated, and two are in need of renovation.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$494 USD /SF

CAP RATE

7.09%

% LEASED

100%

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

19,998 SF

ZONING

GC

APN/PARCEL ID

26-00077-0000-00010

ASK ABOUT THIS PROPERTY

Jarrad ColettaColetta Commercial RealtyMore Info
732-600-1682

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Jarrad ColettaColetta Commercial RealtyMore Info
732-600-1682

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