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Big Red Property ~ Lots 34 & 35 119 Newman Springs Rd E 6,200 SF Retail Building Red Bank, NJ 07702 $2,500,000 ($403.23/SF)
Investment Highlights
- High Traffic Area
Executive Summary
6,200 Sq. Ft. Retail Building on Busy Highway. Plenty of Parking On Site. Major Thoroughfare Between the Garden State Parkway and Highway 35.
Taxes & Operating Expenses (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$18,821
|
$3.04
|
| Operating Expenses |
$669
|
$0.11
|
| Total Expenses |
$19,490
|
$3.14
|
Taxes & Operating Expenses (Actual - 2023)
| Taxes | |
|---|---|
| Annual | $18,821 |
| Annual Per SF | $3.04 |
| Operating Expenses | |
|---|---|
| Annual | $669 |
| Annual Per SF | $0.11 |
| Total Expenses | |
|---|---|
| Annual | $19,490 |
| Annual Per SF | $3.14 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,200 SF
Building Class
C
Year Built
1954
Price
$2,500,000
Price Per SF
$403.23
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.52 AC
Zoning
B-1 - Business Zone District
Parking
15 Spaces (2.42 Spaces per 1,000 SF Leased)
Frontage
150’ on Newman Springs Rd
Amenities
- Air Conditioning
- Smoke Detector
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 44-00005-0000-00034 | Total Assessment | $1,212,400 (2025) |
| Land Assessment | $653,400 (2025) | Annual Taxes | $18,821 ($3.04/SF) |
| Improvements Assessment | $559,000 (2025) | Tax Year | 2023 |
Property Taxes
Parcel Number
44-00005-0000-00034
Land Assessment
$653,400 (2025)
Improvements Assessment
$559,000 (2025)
Total Assessment
$1,212,400 (2025)
Annual Taxes
$18,821 ($3.04/SF)
Tax Year
2023
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Big Red Property ~ Lots 34 & 35 | 119 Newman Springs Rd E
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