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65 Grand Central Ave 5,411 SF 63% Leased Retail Building Lavallette, NJ 08735 $2,299,000 ($424.88/SF)
INVESTMENT HIGHLIGHTS
- Prime location!
- Updated building with fantastic, existing tenants!
- Best of both worlds. Perfect for an income-producing beach house!
EXECUTIVE SUMMARY
Commercial mixed-use building with 4 units, 2 commercial and 2 residential units. Long standing restaurant leasing first floor as well as a real estate brokerage office. Upstairs has 2 residential units. 1 is a 4-bedroom, 2 full bath and the other unit is a 2 bed and 1 full bath. These units share a roof deck as well. 1 block from the beach.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,411 SF
Building Class
C
Year Built
1938
Price
$2,299,000
Price Per SF
$424.88
Percent Leased
63%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.62
Lot Size
0.20 AC
Zoning
C
Parking
10 Spaces (1.85 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Restaurant
- Signage
- Roof Terrace
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 16-00952-0000-00001 | Improvements Assessment | $365,800 |
| Land Assessment | $486,300 | Total Assessment | $852,100 |
PROPERTY TAXES
Parcel Number
16-00952-0000-00001
Land Assessment
$486,300
Improvements Assessment
$365,800
Total Assessment
$852,100
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65 Grand Central Ave
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