241 Monmouth Rd
West Long Branch, NJ 07764
Santander Bank Building · Office Property For Sale

Marcus & Millichap had been exclusively retained by ownership for the disposition of their fee simple interest in 241 Monmouth Road (Route 71) located in West Long Branch, Monmouth County, New Jersey. The asset’s 27,564(+/-) SF building sits on roughly 5.2 acres and is anchored by Santander Bank with over $107M in deposits at this location. Santander Bank has over 650+ locations in eight states with over $57B in total deposits. A savvy investor while see the multitude of ways to create value at 241 Monmouth Road either through leasing vacant space, owner / user facility or a complete site redevelopment of this rare five acres of land in the densely packed town of West Long Branch, NJ. Additional, the right investor will also see the value in purchasing the additional, adjacent three(+) acres of land for a total combination of eight(+) acres. The asset is strategically located at the four-way, traffic light, intersection of Monmouth Road and Parker Avenue with two ingress/egress access points which sees over 20,026(+/-) vehicles per day. Monmouth Road is a major corridor connecting State Route 36 to Monmouth University, Monmouth Medical Hospital, Shore Regional High School as well as the shore towns of Long Branch, Deal, and Asbury Park. In addition, Parker Avenue runs pararrel to State Route 36 and provides the local communities with rear access to major retail tenants along the State Route 36 highway. The location is ideal for accessibility to local redevelopments such as Fort Monmouth Redevelopment (1,400 acres), Monmouth Mall Redevelopment, Long Branch Beachfront Redevelopment, Asbury Park Beachfront Redevelopment. In addition, medical institutions such as Monmouth Medical Hospital, Jersey Shore Hospital and River View Hospital are in close proximity as well as Monmouth University and Shore R