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1104 State Hwy 36
5610 SF Building on Major Highway w/ parking
Listing Contacts
Active
Asking Price: $1,399,000
Address
1104 NJ-36, Hazlet, NJ 07730
Show on MapDate Added
Mar 7, 2024
Days on Market
382 days
Time Since Last Update
70 days
Details
Property TypeRetail, Office, Hospitality
SubtypeDay Care/Nursery, QSR/Fast Food, Restaurant
Investment TypeInstitutional
Investment Sub TypeSale
Lease TypeNNN
TenancySingle
Remaining Term0 years
Square Footage5,610
Net Rentable (sq ft)5,610
Price/Sq Ft$249.38
Cap Rate7.59%
OccupancyVacant
Occupancy Date05/01/2024
NOI$106,161
Units1
Year Built1950
Buildings1
Stories2
ZoningB-H
Lot Size (sq ft)37,500
Marketing Description
5610 SF commercial building located on major highway in Hazlet NJ. Currently a restaurant use but could be converted into several other uses. Liquor license could be available for purchase. Large lot with 38 parking spots. Strategic location to Route 35/Route 36 and the Garden State Parkway. Excellent highway frontage with high visibility on major thoroughfare to the shore. High summer traffic location. Two story building in very good condition. Take advantage of the revitalization of the neighboring shore towns with a large amount of housing being added.
Investment Highlights
Building can be converted from hospitality to:
Automotive Dealership, Bank, Child Care Center, Community Center, Family Day Care, Garden Center-Nursery, Health-Fitness Club, Hotels, Extended Stay, Professional Office, Restaurant, Fast Food, Retail Sales, Theatre, Office Buildings, Self Storage, Medical Use, Assisted Living.
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$106,161.00
$8,846.75/mo
Valuation Metrics
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0
DSCR
7.59%
Cap Rate
7.59%
ROI
Property History
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Due Diligence
Listing Contacts
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