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 faade 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!
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0BEDS
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0.08ACRES
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0BATHS
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01/2 BATHS
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4,819SQFT
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$560$/SQFT
School Ratings & Info
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 faade 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!
© 2023 Monmouth-Ocean MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or The CG Group | RE/MAX Revolution. Data last updated 2023-12-04T17:22:32.73.
Listing information © 2023 Monmouth-Ocean MLS. Listing provided courtesy of Christopher Pizzola of Heritage House Sotheby's International Realty: 732-842-8100.