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307 Branchport Ave 3,800 SF 50% Leased Retail Building Long Branch, NJ 07740 $999,000 ($262.89/SF) 9.23% Cap Rate
EXECUTIVE SUMMARY
Incredible investment opportunity in a fast-growing area! Well-maintained mixed-use building just blocks from Mon Park Racetrack, near NJ Transit train & the beach—in a neighborhood undergoing significant redevelopment & revitalization. Ideal for investors or owner-users looking to capitalize on long-term appreciation & strong rental demand. Ground-level commercial space w/excellent visibility for retail or office. Two updated apartments above (2BR & 3BR) w/separate entrances & solid rental history. Located in an area surrounded by newly approved residential & commercial projects—positioned for strong future appreciation. If you're looking to invest, redevelop or establish your own business in high-visibility location, this property offers location, flexibility & future upside. Please not that NOI is a proforma rate based on current market rates in the area.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,800 SF
Building Class
C
Year Built/Renovated
1980/2004
Price
$999,000
Price Per SF
$262.89
Cap Rate
9.23%
NOI
$92,208
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.98
Lot Size
0.09 AC
Zoning
C-3
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 27-00360-0000-00001 | Improvements Assessment | $404,800 |
| Land Assessment | $105,200 | Total Assessment | $510,000 |
PROPERTY TAXES
Parcel Number
27-00360-0000-00001
Land Assessment
$105,200
Improvements Assessment
$404,800
Total Assessment
$510,000
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307 Branchport Ave
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