1104 Main Street | 1104 Main St
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1104 Main Street 1104 Main St
2,700 SF 100% Leased Retail Building Belmar, NJ 07719 £782,372 (£290/SF) 7.31% Net Initial Yield
Investment Highlights
- Store Front w/Two Apartments
- Close to Jersey Beaches
- Store Front Tenant also pays Property Taxes
- Downtown Belmar
- Great Rent Roll
Executive Summary
Incredible Investment Opportunity in Prime Location! Located in downtown Belmar and only a few blocks from Jersey's famous beaches. Building includes: Store Front, 2 Bed 1 Bath Apt and a Studio Apt. Roof is only 2 years old and AC is only 5 years old. Entire Front Exterior was also just redone with all new siding, trim and paint. Store Front is currently setup for Restaurant. Current Rent Roll is $6,500. Call today for more info!
Data Room Click Here to Access
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,700 SF
Building Class
C
Year Built/Renovated
1910/2020
Price
£782,372
Price Per SF
£290
Net Initial Yield
7.31%
NOI
£57,197
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.69
Land Acres
0.09 AC
Zoning
C-0 - commerical
Frontage
50 ft on Main St
Amenities
- Restaurant
- Security System
- Air Conditioning
Walk Score ®
Walker's Paradise (94)
PROPERTY TAXES
| Parcel Number | 07-00115-0000-00012 | Total Assessment | £257,348 (2024) |
| Land Assessment | £127,148 (2024) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £130,200 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
07-00115-0000-00012
Land Assessment
£127,148 (2024)
Improvements Assessment
£130,200 (2024)
Total Assessment
£257,348 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
-
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1104 Main Street | 1104 Main St
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