45
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$2,700,000
Est. payment /mo
3,484 Sqft Lot
Pending
5 E Front Street Red Bank, NJ 07701
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UPDATED:
12/21/2024 01:03 PM
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Pending
Purchase Type For Sale
Municipality Red Bank (RED)
MLS Listing ID 22330098
Originating Board MOREMLS (Monmouth Ocean Regional REALTORS®)
Annual Tax Amount $43,685
Tax Year 2022
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 40 x 84
Property Description
Incredible opportunity to purchase one of Red Bank's most coveted downtown corners. A value add property with many options savvy investors/developers can capitalize on. The possibility to add floor(s) to the existing building and renovate the entire façade to mimic the architectural beauty of some of the recently developed corner properties in downtown Red Bank.
The offering consists of : 2 adjoining buildings/addresses with (4) retail spaces currently being occupied by 2 tenants & (3) residential units above all are 2 bedroom units with high ceilings.
Proforma (with existing units and footprint) can net a potential investor over $200,000 on a prime piece of commercial property in red hot Red Bank!
The offering consists of : 2 adjoining buildings/addresses with (4) retail spaces currently being occupied by 2 tenants & (3) residential units above all are 2 bedroom units with high ceilings.
Proforma (with existing units and footprint) can net a potential investor over $200,000 on a prime piece of commercial property in red hot Red Bank!
Location
State NJ
County Monmouth
Area None
Direction NW corner of Front St and Wharf Ave
Rooms
Basement Partial
Exterior
Parking Features On Street, Public Lot
Waterfront Description Riverview
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 39-00009-01-00022
Listed by Heritage House Sotheby's International Realty
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