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21030785
21030786

326 Broad St, Red Bank, NJ 07701

Realty One Group Paramount
Listed by Realty One Group Paramount
$1,300,000
531 days on market
Updated 471 days ago

326 Broad St

Details
Property Type Land, Office
Sub Type Commercial, Executive Office
Square Footage 4,518
Units 3
Beds 3
Cap Rate 5.08%
NOI $66,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 7
Lease Expiration 02/15/2025
Pro-Forma Cap Rate 11.08%
Pro-Forma NOI $144,000
Broker Co-Op Yes
Class C
Year Built 1901
Year Renovated 2018
Buildings 1
Stories 2
Lot Size (SqFt) 15,002
Zoning PO
Parking Spaces 20 spaces
Parking Per SqFt 4.43
Investment Type Owner/User
Tenant Credit Credit Rated
Lease Commencement 02/15/2018
Occupancy Date 02/15/2018
Ground Lease No
Ownership 100
Sale Condition For sale by owner

Incredible Value Add Opportunity + The Potential to Buy the existing business.

Marketing description

For Sale: Mixed-Use Office & Dental Space with Residential Apartments Discover a unique investment opportunity with this mixed-use property, offering both commercial and residential potential. Located in a high-visibility area, this versatile space is perfect for an established dental practice or office setup, along with the added benefit of two separate residential apartments for rental income or owner occupancy. - Ground Floor: The commercial space is currently equipped for a dental office but can easily be adapted to suit various professional services. It features a welcoming reception area, multiple exam rooms/offices, private consultation spaces, and modern amenities. Adjacent to this, you'll find a comfortable one-bedroom apartment with a private entrance, perfect for extra rental income or a live/work scenario. - Second Floor: Upstairs houses a spacious and well-lit two-bedroom apartment, complete with an open-concept living area, a fully equipped kitchen, and ample storage. This apartment offers tenants or an owner a peaceful retreat with the convenience of being located right above a thriving business. With its combination of commercial functionality and residential comfort, this property presents an excellent investment for entrepreneurs, business owners, or investors seeking a multi-income stream. Off-street parking, central location, and flexible zoning make this a prime opportunity you won't want to miss! Key Features: - Dental/Office space on the ground floor - One-bedroom apartment on the first floor - Two-bedroom apartment on the second floor - High-traffic, high-visibility location - Ample off-street parking - Perfect for investors or owner-occupants This property offers endless potentialschedule a showing today!

Investment highlights

Discover a unique investment opportunity with this mixed-use property, offering both commercial and residential potential. Located in a high-visibility area, this versatile space is perfect for an established dental practice or office setup, along with the added benefit of two separate residential apartments for rental income or owner occupancy. The commercial space is currently equipped for a dental office but can easily be adapted to suit various professional services. It features a welcoming reception area, multiple exam rooms/offices, private consultation spaces, and modern amenities. Adjacent to this, you'll find a comfortable one-bedroom apartment with a private entrance, perfect for extra rental income or a live/work scenario. Upstairs houses a spacious and well-lit two-bedroom apartment, complete with an open-concept living area, a fully equipped kitchen, and ample storage. This apartment offers tenants or an owner a peaceful retreat.

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Listing Contacts

Realty One Group Paramount
Listed by Realty One Group Paramount

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$66,000.00
$5,500.00/mo

Valuation Metrics

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DSCR
5.08%
Cap Rate
5.08%
ROI

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Additional Information

Name
Michael Vera Silva
License
2298349
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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