5 E Front Street, Red Bank, NJ 07701
- $2,500,000
- Sold Price
- $2,500,000
- List Price
- $2,700,000
- Status
- CLOSED
- Type
- Commercial
- MLS#
- 22330098
- Closing Date
- Jan 06, 2025
- Region
- Red Bank (RED)
Property Description
Incredible opportunity to purchase one of Red Bank's most coveted downtown corners. A value add property with many options savvy investors/developers can capitalize on. The possibility to add floor(s) to the existing building and renovate the entire façade to mimic the architectural beauty of some of the recently developed corner properties in downtown Red Bank. The offering consists of : 2 adjoining buildings/addresses with (4) retail spaces currently being occupied by 2 tenants & (3) residential units above all are 2 bedroom units with high ceilings. Proforma (with existing units and footprint) can net a potential investor over $200,000 on a prime piece of commercial property in red hot Red Bank!
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Additional Information
- Acres
- 0.08
- Zoning
- Mixed
- Closing Date
- Jan 06, 2025
- Taxes
- $43,685
- Subtype
- Commercial
- Lot Description
- Corner Lot
- Basement
- Partial
- Heat Ac
- Natural Gas
- Parking Driveway
- On Street, Parking Lot
- Stories
- 2
- Electric
- Other - See Remarks
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Listing courtesy of Heritage House Sotheby's International Realty. Contact: 732-575-6523
Selling Office: Heritage House Sotheby's International Realty.