1900 Old Mill RdSpring Lake, NJ 07762

For Sale
$1,400,000

Wall Twp NJ corner property, high visibility.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional mixed-use investment opportunity encompasses two properties totaling approximately 3,763 square feet on a combined 0.25-acre lot. The main building, located at 1900 Highway 35 in Wall Township, boasts approximately 2,637 square feet of retail space and a one-bedroom apartment currently generating $1,200 in monthly rent. This building benefits from excellent Route 35 visibility and is situated on a subdivided lot. The property is zoned HB 80 and includes 4-5 parking spaces. Annual property taxes are $6,079. A second parcel, situated at 2409 Old Mill Road in Spring Lake Heights, features a 50' x 150' lot and a building of approximately 1,126 square feet. This property is zoned R-3 and has annual property taxes of $5,733. Both properties may be purchased individually or together for a total asking price of $1,400,000. This presents a unique chance to acquire a well-positioned mixed-use portfolio in a desirable New Jersey location. The properties are located in Monmouth County, NJ, zip code 07762.

Highlights

  • High visibility from Route 35.
  • Subdivision approval complete.
  • 1900 Route 35, Wall Township.
  • 2,637 SF retail space plus a 1-bedroom apartment generating $1,200/month rent.
  • HB-80 zoning.
  • Annual property taxes: $6,079.

Property Details for 1900 Old Mill Rd

Property type
Other retail properties, Multifamily properties
Square Feet
2,637 SF
Lot Size (sq. ft)
10,890 SF

Location Insight

City
Spring Lake
County
Monmouth
State
New Jersey
Latitude
40.1597577
Longitude
-74.0515889
1900 Old Mill Rd, Spring Lake, New Jersey

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1900 Old Mill Rd
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