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5 Front Street

Red Bank, NJ 07701
  • $2,700,000
  • STATUS: Active
  • ON SITE: 128 Days
  • MLS #: 22330098
UPDATED: 71 min ago
$2,700,000
  • 0
    BEDS
  • 0.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,819
    SQFT
  • $560
    $/SQFT
Neighborhood:
Type:
Commercial
County:

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!

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© 2024 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 eXp Realty. Data last updated 2024-03-04T00:22:06.313.
www.sellwithsikora.com/homes/144795889
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5 Front Street Red Bank, NJ 07701

  • Price: $2,700,000
  • Status: Active
  • On Site: 128 Days
  • Updated: 71 min ago
  • MLS #: 22330098
0
Beds
0
Baths
0
½ Baths
0.08
Acres
4,819
SQFT
$560
$/SQFT
Neighborhood:
Red Bank (RED)
County:
Monmouth
Area:
Red Bank (RED)
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 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!
Exterior Features

Garage YN No Parking Features On StreetPublic Lot

Interior Features

Basement Partial Fireplaces Total 0 Handicap Access No

Property Features

Assessment Assessed Yes Gas On Site Yes Lease No Lot Features Corner Lot Owner Pays See Remarks Property Sub Type Commercial Sale Yes Sewer Public Sewer Tax Annual Amount 43685 Tax Year 2022 Water Heater Natural Gas Yes Water Source Public Zoning Description Mixed

Listing information © 2024 Monmouth-Ocean MLS. Listing provided courtesy of Christopher Pizzola of Heritage House Sotheby's International Realty: 732-842-8100.


© 2024 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 eXp Realty. Data last updated 2024-03-04T00:22:06.313.
 
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