177-181 Main St
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177-181 Main St
1,750 SF 100% Leased Retail Building Port Monmouth, NJ 07758 £989,141 (£565/SF)
Investment Highlights
- Located one block off Highway 36, which sees 35,000 cars daily, the property enjoys excellent visibility and accessibility in the desirable Monmouth
- Monmouth County is known for strong real estate demand. Proximity to Middletown, Highlands,& Belford adds to the property’s appeal & growth potential
- The property generates annual from six paying tenants on long-term leases. The anchor tenant, the Post Office, has a lease extending 2028
Executive Summary
Lucrative Opportunity! This property, located just one block off Highway 36 in Monmouth County, offers exceptional visibility and accessibility, benefiting from the daily traffic of approximately 35,000 cars. Its prime location is further enhanced by its proximity to vibrant neighborhoods such as Middletown, Highlands, and Belford, making it a sought-after spot for businesses and customers alike.
The property generates a stable annual income of $110,169 from six paying tenants, all on long-term leases. The anchor tenant, the Post Office, provides additional security with a lease that extends until June 2028. This makes the property an attractive investment opportunity with consistent and reliable cash flow.
Ample parking is another highlight, with 12 dedicated spaces complemented by additional parking behind the Post Office and adjacent retail establishments. Located in an area renowned for its strong real estate demand, this property’s strategic position and income-generating potential make it a standout opportunity in the thriving Monmouth County market. This sale would also include: 3 Pulsch Street, Port Monmouth NJ 07758 (Block #263 - Lot #1)
The property generates a stable annual income of $110,169 from six paying tenants, all on long-term leases. The anchor tenant, the Post Office, provides additional security with a lease that extends until June 2028. This makes the property an attractive investment opportunity with consistent and reliable cash flow.
Ample parking is another highlight, with 12 dedicated spaces complemented by additional parking behind the Post Office and adjacent retail establishments. Located in an area renowned for its strong real estate demand, this property’s strategic position and income-generating potential make it a standout opportunity in the thriving Monmouth County market. This sale would also include: 3 Pulsch Street, Port Monmouth NJ 07758 (Block #263 - Lot #1)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,750 SF
Building Class
C
Year Built/Renovated
1970/2015
Price
£989,141
Price Per SF
£565
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.12
Land Acres
0.34 AC
Zoning
Retail or Office - The space is currently zoned for Retail or Office , Mixed use and potential for apartments on top.
Parking
15 Spaces (8.57 Spaces per 1,000 SF Leased)
Frontage
20 ft on Main Street
Bike Score ®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 32-00262-0000-00003 | Improvements Assessment | £321,373 |
| Land Assessment | £343,493 | Total Assessment | £664,866 |
PROPERTY TAXES
Parcel Number
32-00262-0000-00003
Land Assessment
£343,493
Improvements Assessment
£321,373
Total Assessment
£664,866
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Joseph Spinella -
Keller Williams Realty
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177-181 Main St
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