239 State Route 79Morganville, NJ 07751

For Sale
$695,000

High-yield, multi-tenant commercial property.

Overview

Added:
Feb 3
Days on market:
39
This exceptional investment opportunity presents a mixed-use property ideally situated on Route 79 in the Morganville section of Marlboro Township, NJ. The property encompasses two buildings on a one-acre lot, offering a compelling blend of commercial and residential income streams. The main building, a three-story structure, features approximately 1,000 square feet of ground-floor retail space currently leased to long-term tenants under multi-year agreements. Above the retail space, a spacious 1,160-square-foot, two-bedroom apartment occupies the second floor. This apartment boasts an oversized galley kitchen, dining room, living room, laundry facilities, and a private outdoor deck. Additional rooms on the third floor, accessible via a separate entrance, are currently used as storage by the apartment tenant. A second building on the property provides an additional 780 square feet of workshop and retail space, complemented by ample attic storage on the second floor. The entire property benefits from a recently installed, large-capacity, state-of-the-art sewage system, ensuring efficient and reliable operation. The property's location in a C-2 Neighborhood Commercial District and its backing to the Henry Hudson Trail add to its desirability. This income-producing property, with its established tenants and diverse space, represents a strong addition to any investment portfolio. The property is listed at $695,000 and offers significant potential for long-term growth and return.

Property Details for 239 State Route 79

Property type
Other commercial real estate
Square Feet
2,156 SF
Year Built
1965
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Morganville
County
Monmouth
State
New Jersey
Latitude
40.35141
Longitude
-74.25011
239 State Route 79, Morganville, New Jersey

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239 State Route 79
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