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306-310 W Sylvania Ave 5,400 SF 100% Leased Retail Building Neptune City, NJ 07753 $1,250,000 ($231.48/SF) 7% Cap Rate
Executive Summary
Don't miss this rare investment opportunity to own a fully leased commercial strip center in the heart of bustling Neptune, NJ. Situated in a high-traffic area just minutes from Route 18, the Garden State Parkway, and Jersey Shore University Medical Center, this property offers stable cash flow and strong tenant appeal. Located in a highly visible and accessible corridor, the center benefits from constant traffic and proximity to major retail, healthcare, and residential developments. With long-term tenants in place, this turnkey asset is ideal for both seasoned and first-time investors seeking reliable income in a growth market.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,400 SF
Building Class
C
Year Built
1973
Price
$1,250,000
Price Per SF
$231.48
Cap Rate
7%
NOI
$87,500
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
0.46 AC
Opportunity Zone
Yes
Zoning
HC - Highway Commercial Zone
Parking
100 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Moderately walkable
70/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 36-00118-0000-00012 | Improvements Assessment | $530,700 |
| Land Assessment | $210,300 | Total Assessment | $741,000 |
Property Taxes
Parcel Number
36-00118-0000-00012
Land Assessment
$210,300
Improvements Assessment
$530,700
Total Assessment
$741,000
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306-310 W Sylvania Ave
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