1104 Main Street 1104 Main St 2,700 SF 100% Leased Retail Building Belmar, NJ 07719 $999,900 ($370.33/SF) 7.31% Cap Rate
INVESTMENT HIGHLIGHTS
- Store Front w/Two Apartments
- Close to Jersey Beaches
- Store Front Tenant also pays Property Taxes
- Downtown Belmar
- Great Rent Roll
EXECUTIVE SUMMARY
Incredible Investment Opportunity in Prime Location! Located in downtown Belmar and only a few blocks from Jersey's famous beaches. Building includes: Store Front, 2 Bed 1 Bath Apt and a Studio Apt. Roof is only 2 years old and AC is only 5 years old. Entire Front Exterior was also just redone with all new siding, trim and paint. Store Front is currently setup for Restaurant. Current Rent Roll is $6,500. Call today for more info!
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,700 SF
Building Class
C
Year Built/Renovated
1910/2020
Price
$999,900
Price Per SF
$370.33
Cap Rate
7.31%
NOI
$73,100
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.69
Lot Size
0.09 AC
Zoning
C-0 - commerical
Frontage
50’ on Main St
AMENITIES
- Restaurant
- Security System
- Air Conditioning
Walk Score®
Walker's Paradise (94)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 07-00115-0000-00012 | Total Assessment | $328,900 (2024) |
| Land Assessment | $162,500 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $166,400 (2024) | Tax Year | 2023 |
