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$ 1,100,000
$ 1,100,000
Est. payment | /mo
2,360 SqFt
$ 1,100,000
$ 1,100,000
Est. payment | /mo
2,360 SqFt
Key Details
Sold Price $1,100,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 2,360 sqft
Price per Sqft $466
Municipality Red Bank (RED)
MLS Listing ID 22513960
Sold Date 07/24/25
Year Built 2000
Annual Tax Amount $12,899
Tax Year 2024
Lot Size 1,742 Sqft
Acres 0.04
Lot Dimensions 20 x 79
Property Sub-Type Commercial
Source MOREMLS (Monmouth Ocean Regional REALTORS®)
Property Description
Cash Cow Investment Opportunity - Prime Mixed-Use Property in the heart of Red Bank - Fully Rented - Annual cash flow of $105,432 with annual increases in place for the commercial unit! Tenants pay for all utilities. NOI of $87,533. Rare 8% Cap rate investment. Potential to add 3rd floor with additional apartments. Unlock exceptional income potential with this fully renovated mixed-use property, ideally located near downtown Red Bank and just minutes from the upcoming Netflix Studios. This versatile building features a ground-floor commercial space with strong visibility and foot traffic—perfect for a variety of business types. Upstairs, you'll find two beautifully renovated residential units (2024), including a spacious one-bedroom and a stylish studio—both offering modern finishes and move-in ready appeal. Located just blocks from Riverview Medical Center, Red Bank's vibrant restaurants, boutiques, and nightlife, this property is a magnet for both tenants and business patrons alike.
Location
State NJ
County Monmouth
Area None
Direction GPS
Interior
Cooling Central Air
Exterior
Parking Features On Street
Private Pool No
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 39-00031-0000-00019
Listed by C21 Thomson & Co.
Bought with C21 Thomson & Co.
Bought with C21 Thomson & Co.
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Frank Esposito
Agent