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Retail income producing cash 177-181 Main St 6,500 SF Retail Building Port Monmouth, NJ 07758 $1,261,000 ($194/SF) 6.80% Cap Rate
Investment Highlights
- Heavy traffic, near the new Netflix studios
Executive Summary
Retail Income producing Cash!
United States Post Office anchored Shopping Plaza for sale 10 miles from the new Netflix studios!
The property is 100% leased with net operating income. There are four commercial tenants and one residential tenant.
There is exceptional visibility and accessibility from Route 36.
The sale includes two buildings (3-5 Pulsch Street and 177-181 Main Street) as well as the Pulsch Street parking lot.
Call or email for current rent roll as well as additional value add / development opportunity.
United States Post Office anchored Shopping Plaza for sale 10 miles from the new Netflix studios!
The property is 100% leased with net operating income. There are four commercial tenants and one residential tenant.
There is exceptional visibility and accessibility from Route 36.
The sale includes two buildings (3-5 Pulsch Street and 177-181 Main Street) as well as the Pulsch Street parking lot.
Call or email for current rent roll as well as additional value add / development opportunity.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,500 SF
Building Class
C
Year Built/Renovated
1970/2015
Price
$1,261,000
Price Per SF
$194
Cap Rate
6.80%
NOI
$85,748
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.44
Lot Size
0.34 AC
Zoning
Retail or Office
Parking
15 Spaces (2.31 Spaces per 1,000 SF Leased)
Frontage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 32-00262-0000-00003 | Improvements Assessment | $418,500 |
| Land Assessment | $494,400 | Total Assessment | $912,900 |
Property Taxes
Parcel Number
32-00262-0000-00003
Land Assessment
$494,400
Improvements Assessment
$418,500
Total Assessment
$912,900
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Retail income producing cash | 177-181 Main St
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