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167-183 Locust Ave
West Long Branch, NJ 07764
West Long Branch Shopping Center · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • 49,187 SF Center Situated on 5.02 Acres/ Situated 1 Mile from Monmouth University
  • $123,000 Average HH Income/Long Term Tenants in Place
  • Population of 71,826 Within 3 Miles
  • Wells Fargo, Dollar General and US Post Office Make Up 37% of GLA
  • Priced at $6,950,000 / 7.19% Cap Rate
  • 9,700+ VPD on Locust Avenue

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront
Building Size
49,187 SF
Building Class
B
Year Built
1972
Tenancy
Multiple
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.22
Lot Size
5.02 AC
Zoning
NC
Parking
300 Spaces (5.64 Spaces per 1,000 SF Leased)
Frontage
428’ on Locust Ave

AMENITIES

  • Drive Thru

ABOUT 167-183 LOCUST AVE , WEST LONG BRANCH, NJ 07764

West Long Branch is a borough located in Monmouth County, NJ. West Long Branch is located 26 miles south of New York City. West Long Branch borders the municipalities of Eatontown, Long Branch, Ocean Township, and Oceanport. The subject property is located less than 1 mile away from Monmouth University and less than 2 miles from Monmouth Medical Center. The major roads that pass through or near West Long Branch are Route 36, Route 71. NJ Transit provides local bus service on route 831 and 837. The Long Branch train station is located less than 5 miles away and allows commuters to reach Penn Station in Midtown Manhattan via the North Jersey Coast Line.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 53-00019-0000-00050
  • 53-00019-0000-00057
Land Assessment
$2,196,500
Improvements Assessment
$4,453,000
Total Assessment
$6,649,500
  • Listing ID: 16472518

  • Date on Market: 6/28/2019

  • Last Updated:

  • Address: 167-183 Locust Ave, West Long Branch, NJ 07764

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