0.34 Acres Lot
0.34 Acres Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID NJMM2004272
Year Built 1930
Annual Tax Amount $7,296
Tax Year 2025
Lot Size 0.340 Acres
Acres 0.34
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
1614 Route 71 presents an attractive mixed-use investment opportunity in the heart of Belmar, New Jersey. The property consists of three fully leased street-level retail stores and two spacious 2-bedroom residential apartments, offering a balanced income stream with built-in upside.
The asset generates a projected 7.1% cap rate on current operations with a gross annual income of $118,200. The retail component is fully leased, providing stable in-place cash flow, while the residential units offer clear upside through rent increases, allowing an investor to enhance returns over time.
Located along Route 71, the property benefits from strong visibility, traffic exposure, and proximity to Belmar's downtown, transit, and Jersey Shore amenities, supporting both retail tenancy and residential demand.
Well-suited for investors seeking steady cash flow with value-add potential in a proven shore market.
Location
State NJ
County Monmouth
Area Belmar Boro (21307)
Zoning MU
Interior
Hot Water Natural Gas
Heating Baseboard - Hot Water
Cooling Multi Units
Heat Source Natural Gas
Exterior
Garage Spaces 20.0
Water Access N
Accessibility None
Total Parking Spaces 20
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Wall Township Public Schools
Others
Tax ID 52-00001-0000-00003
Ownership Fee Simple
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
Nearby Locations
- 9
Sea Girt Elementary School
Public | PK - 8
- 9
H. W. Mountz Elementary School
Public | PK - 8
- 7
Spring Lake Heights Elementary School
Public | PK - 8
- 7
West Belmar Elementary School
Public | KG - 5
- 7
Avon Elementary School
Public | KG - 8
- 5
Old Mill Elementary School
Public | KG - 5
- 5
Shark River Hills Elementary School
Public | PK - 5
- 5
Gables Elementary School
Public | PK - 5
- 5
Woodrow Wilson School
Public | PK - 8
- 5
Belmar Elementary School
Public | PK - 8
- 4
Summerfiled Elementary School
Public | PK - 5
- 4
Hope Academy Charter School
Public | KG - 8
- 3
Dr. Martin Luther King Upper Elementary School
Public | 4 - 6
- 3
Bradley Beach Elementary School
Public | PK - 8
- 2
Midtown Community Elementary School
Public | KG - 5
- 2
Thurgood Marshall Elementary School
Public | PK - 3
- 0
Atlantis Preparatory School
Private | PK - 1
- 0
The Brookside School
Private | PK - 8
- 0
Bright Horizons at Wall
Private | PK - KG
- 0
St Catharine
Private | PK - 8
- 5
Wall Intermediate School
Public | 6 - 8
- 5
Neptune Middle School
Public | 6 - 8
- 10
Communications High School
Public | 9 - 12
- 10
Academy of Allied Health and Science
Public | 9 - 12
- 5
Wall High School
Public | 9 - 12
- 5
Academy Charter High School
Public | 9 - 12
- 1
Neptune High School
Public | 9 - 12
- 0
Class Academy
Public | 9 - 12
- 0
St Rose High School
Private | 9 - 12
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210 Sandra Rd, Willmington, Delaware, 19803, United States