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VRA Realty

operations@vrarealty.com +1(484) 800-1777

Listed by Peter Han • PK PROPERTY INC.

$ 1,190,000

Est. payment | -/mo

Save

$ 1,190,000

Est. payment | -/mo

Save

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID NJMM2004076

Year Built 1910

Annual Tax Amount $11,943

Tax Year 2018

Lot Dimensions 121.00 x 95.00

Property Sub-Type Retail

Source BRIGHT

Property Description

AN INVESTMENT PROPERTY !!! ,Strip center with 5 commercial tenants such as Pizza restaurant : NEW TENANT JUST SIGNED WITHIN 6 MONTHS AGO FOR 10 YEARS ,$2,500.00/ monthly rent , and It's being redecoratedvery newly now, Electronic smoke( Cigar & Cigarette Accessories.... ): $2,400.00/ monthly rent, NEW TENANT SIGNED 4 MONTHS AGO FOR 15 YEARS,. Hair Salon :$1,020.00 /monthly rent , TENANT HAS BEEN HERE FOR LONG TIME SO MONTH TO MONTH, the landlord can obtain a new tenant whenever this tenants inform the lkandlord NO EXTEND LEASE. Dry Cleaner : $1,550.00 /monthly rent, TENANT HAS BEEN HERE FOR LONG TIME AND renew for another for 10 years when 1 remaining lease expires, ( Drop Shop , business owner send out all clothes to big dry cleaner store ,they don't do here ) without machine , Unit 5 : 1,500.00/ monthly rent , dance studio , Municipal parking lot for 50 Cars , parking lot is belong to Township so township will be responsible for cleaning , real estate tax & insurance , removal snow , all expenses. ( Everyone can use parking lot , NOT BELONG TO THE SELLER) , great opportunity for stable income, seller wants to sell because health issue ,Several national franchise around here including Mcdonald , 7-11 convenient store... , very crowd and busy area and city downtown , most tenant have been here for years, MUST SEE!!! , Annual gross rental income is $105,240.00 and all expenses:$21,000.00 so NET ANNUAL RENTAL INCOME IS $84,240.00

Location

State NJ

County Monmouth

Area Eatontown Boro (21312)

Zoning COMMERCIAL

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Heat Source Natural Gas

Exterior

Garage Spaces 32.0

Utilities Available Natural Gas Available, Electric Available, Water Available, Sewer Available

Water Access N

Accessibility 2+ Access Exits

Total Parking Spaces 32

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Monmouth Regional H S Di Schools

Others

Tax ID 12-00901-00001

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

Financing Cash,Conventional,Exchange

Special Listing Condition Standard

Nearby Locations

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Beckie Barton

Director of Growth and Operations

+1(302) 588-7812 | beckie@vrarealty.com

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22 LEWIS ST #5 Eatontown, NJ 07724