Belmar, NJ 07719,1614 RT-71
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Belmar, NJ 07719,1614 RT-71
Belmar, NJ 07719,1614 RT-71
Belmar, NJ 07719,1614 RT-71
Belmar, NJ 07719,1614 RT-71
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Jordan Muirhead

Jordan Muirhead

+1(703) 615-8732
Listed by Austin Roche • VORO Keystone, LLC
$ 1,525,000
Est. payment /mo
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Active

1614 RT-71 Belmar, NJ 07719

0.34 Acres Lot

UPDATED:

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

Stabilized Mixed-Use Investment With Residential Upside – Belmar, NJ

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

Bright MLS (BMLS)
Jordan Muirhead

Jordan Muirhead

Agent | License ID: 0225206725

+1(703) 615-8732

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1614 RT-71

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