719 Highway 35 - Storefront FOR SALE


Red Bank, NJ 07702
$1,850,000 USD
908-770-7111
719 Highway 35, Red Bank, NJ for Sale
$1,850,000 USD
Storefront - FOR SALE
1/11
null | Request Cap Rate

719 Highway 35
Red Bank, NJ 07702


HIGHLIGHTS

  • 719-721 Highway 35 presents a 9,127-square-foot freestanding retail building on a 20,800-square-foot/ 0.48-acre lot.
  • Excellent frontage and visibility along Highway 35 and part of Middletown's vibrant retail and cultural hub.
  • The building is built-out in two sections: Section 1 consists of a warehouse and retail section, Section 2 consists of a vacant retail space.
  • Located with easy access to public transit and major highways, and proximity to shopping, dining, and entertainment options.

OVERVIEW

Legacy Commercial is pleased to present 719-721 Highway 35, an exceptional commercial property for sale in Middletown, NJ. This prime offering features a total of 9,127 square feet of flexible commercial space. With a listing price of $1,850,000 ($203 PSF), the property boasts excellent frontage along Highway 35, high visibility, and immediate access to vibrant retail and cultural amenities. Perfectly suited for retail, office, or mixed-use development, this property is move-in ready with separate utilities, ample parking, and established infrastructure. High traffic counts ensure a strong customer base. The building features security of a central station alarm system. The approximate year built is 1982, and the building has M1 zoning(see attached zoning and confirm all uses with the zoning officer). The current roof is field 4-ply hot tar/side melt down-membrane - silver coat and maintenance. Annual insurance totals $7,863.00 and taxes total $18,968.50. Utilities and Metering: Water: one meter for the building Sewer: each unit is billed separately - no meter - one connection to the street system - gravity Gas: two meters; 1. 719 Hwy 35 space, 2. 721 Hwy 35 space retail/warehouse Electric: two meters; 1. 719 Hwy 35 space, 2. 721 Hwy 35 space retail/warehouse/outdoor lights/ pole sign HVAC: 1. 719 Hwy 35 space- rooftop HVAC unit gas/electric 2. 721 Hwy 35 retail space - rooftop HVAC unit gas/electric, warehouse space - 4 Reznor gas heat units - gas Please see the attached brochure for additional space details.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$190 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

719-721 NJ Route 35 Middletown NJ

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

M-1

APN/PARCEL ID

32-00870-0000-00002

ASK ABOUT THIS PROPERTY

Seth KatzLegacy Commercial Realty, LLCMore Info
908-770-7111

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Seth KatzLegacy Commercial Realty, LLCMore Info
908-770-7111

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