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Investment Highlights

  • Concept plans include 13-unit, 2 story apartment building, 10 townhomes & 4 single family homes.
  • Located within the R4 Medium Density Residential Zone. Permitted uses include community shelter, single family residence, park, place of worship, etc.
  • Potential Development for Eleven (11) Townhomes or Thirteen (13) Multi-Family Units
  • Property tax $18,742 (2025)

Executive Summary

The property can be sub-divided in to four (4) single family build able lots as-of right. It also has the capability of supporting a development of either eleven (11) townhomes or thirteen (13) residential units which will require further municipal approvals.the structure is NON-CONFORMING - PRE EXISTING lite industrial bldg contact neptune township

Financial Summary (Actual - 2025) Click Here to Access

Annual Annual Per AC
Taxes $99,999 $9.99
Operating Expenses - -
Total Expenses $99,999 $9.99

Financial Summary (Actual - 2025) Click Here to Access

Taxes
Annual $99,999
Annual Per AC $9.99
Operating Expenses
Annual -
Annual Per AC -
Total Expenses
Annual $99,999
Annual Per AC $9.99

Property Facts

Sale Type Investment or Owner User
Sale Conditions
1031 Exchange
  • Build to Suit
  • Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Apartment Units
  • Single Family Development
Total Lot Size 0.67 AC
Opportunity Zone Yes
Zoning R-4 - The R-4 Zone District is to provide for single-family residential development at a density not to exceed 8.7 dwelling units per acre.

1 Lot Available

Lot 504

Lot Size 0.67 AC

Located in Neptune City with close proximity to major roadways such as Route 35 and Route 33, as well as easy access to the Garden State Parkway and Route 18. Redevelopment opportunity in R-4 zone.

Description

Former 13,000 sf "non-functional" industrial building located within the Neptune Twp residential neighborhood off Corlies Avenue (Route 33).

Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
35-00504-0000-00017
Land Assessment
$202,600
Improvements Assessment
$253,800
Total Assessment
$456,400
Annual Taxes
($1)
Tax Year
2025
  • Listing ID: 38658184

  • Date on Market: 10/21/2025

  • Last Updated:

  • Address: 45 Ridge Ave, Neptune City, NJ 07753

Contact the Sale Advisor

45 Ridge Ave - Vacant Industrial Building

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