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32238907
32238920

97 SAND SHORE RD, MT OLIVE, NJ 07828

KW Commercial
Listed by KW Commercial
$1,190,000
38 days on market
Updated 37 days ago

97 Sand Shore Rd, Budd Lake, NJ 07828

Details
Property Type Retail, Multifamily (+1)
Sub Type Apartment Building, Restaurant
Square Footage 3,000
Units 2
Tenancy Vacant
Pro-Forma Cap Rate 5.53%
Pro-Forma NOI $65,786
Year Built 2023
Buildings 1
Lot Size (SqFt) 8,751
Zoning L- Lake Zone
Investment Type Owner/User
Lease Commencement 05/01/2026
Ground Lease No

About This Property

Marketing description

Rare opportunity to acquire a waterfront mixed use building right along Sand Shore Rd in Budd Lake, NJ. This 2-unit new construction building features retail/restaurant space and a 3-bedroom apartment above. The restaurant on the ground floor has a built-out kitchen and sweeping lake views from the dining area and private outdoor deck. Enjoy breathtaking sunsets as a patron or as an owner. The upstairs unit contains a sun drenched 3 bed/2 bath loft with oversized windows overlooking the water. Sale includes a 2nd lot with parking directly across the street and deeded water rights that allows for a marina. Perfect opportunity for an owner/user or investors alike.

Investment highlights

New Construction Building

Retail/Restaurant & 3 Bedroom Apartment

Fully Built Out Kitchen

Turnkey Condition

Great Owner/User Potential

32 Person Dining Area

Deeded Water Rights

8’ x 50’ Marina

Strong Demographic Location

Central Smoke Alarm System

Sprinklered Building

Listing Contacts

KW Commercial
Listed by KW Commercial

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