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Key Details
Sold Price $999,999
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 3,582 sqft
Price per Sqft $279
Municipality Neptune Twp (NPT)
MLS Listing ID 22306290
Sold Date 08/17/23
Originating Board Monmouth Ocean Regional Multiple Listing Service
Year Built 1936
Annual Tax Amount $13,455
Tax Year 2022
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 60 x 66
Property Description
Mixed use building on an oversized prime corner lot (60.25' x 66.67') in Ocean Grove's Historic District Mixed Use Zone (HD-B-1). The property is located across the street from Auditorium Square Park & The Great Auditorium and just three blocks to the beach & oceanfront boardwalk. The first floor commercial office space is appx 2,260 square feet and currently rented for $2,941.09/month. Tenant will vacate prior to closing, requiring sixty (60) days from the Contract date. The second floor houses a renovated 3 bedroom, 1 bathroom residential apartment, which is appx 1322 square feet, rented for $2,750/month with an increase to $2,887.50 effective 1/1/24. Sale is subject to the second floor lease, which expires 12/31/24. Building has an outside courtyard and driveway that parks 2-3 cars.
Location
State NJ
County Monmouth
Area Ocean Grove
Direction Main Street to east on Main Avenue to left on Pilgrim Pathway. Building on corner of Pilgrim Pathway & Mount Tabor Way
Interior
Heating See Remarks
Exterior
Parking Features On Street
Building
Lot Description Other - See Remarks, Corner Lot
Sewer Public Sewer, Septic Tank
Water Public
Others
Senior Community No
Tax ID 35-00149-0000-00009
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