100 Norwood AveDeal, NJ 07723

For Sale
$3,999,999

Beachfront area, high-yield commercial & residential.

Overview

Added:
Feb 3
Days on market:
39
This exceptional mixed-use property presents a rare investment opportunity in the desirable Deal, New Jersey beachfront area. The offering encompasses three distinct components: a commercial strip consisting of two units at 100 Norwood Avenue (Units 100A and 100B), and a detached residential home situated at 116 Phillips Avenue. The commercial units are currently leased, with one tenant holding a lease extending to September 30, 2033, and the other to March 31, 2029. Direct communication with the current tenants regarding the sale is prohibited. The residential property is a well-maintained three-bedroom, two-bathroom ranch home, featuring a private courtyard and a fully finished lower level. The entire property sits on a 0.17-acre lot, measuring approximately 150 feet by 50 feet. Its prime location offers convenient access to area beaches, shopping centers, and places of worship. This unique combination of commercial income and residential living makes this an attractive investment for discerning buyers seeking a high-yield property in a highly sought-after location. The total square footage of the property is 4,774 square feet. The asking price is $3,999,999.

Property Details for 100 Norwood Ave

Property type
Mixed-use properties, Other mixed-use properties
Square Feet
4,774 SF
Year Built
1888
Lot Size (sq. ft)
7,405 SF

Location Insight

City
Deal
County
Monmouth
State
New Jersey
Latitude
40.25449
Longitude
-74.00101
100 Norwood Ave, Deal, New Jersey

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100 Norwood Ave
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