140 Monmouth St
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140 Monmouth St
2,266 SF 100% Leased Retail Building Red Bank, NJ 07701 $649,900 ($287/SF)
Investment Highlights
- Located in the heart of Red Bank - walk to restaurants, shops, train station and Count Basie Theatre
- Generate income from both units or live/work in one and rent out the other. Plus a detached garage and off-street parking.
- Unique Victorian Single-Family dwelling embodies the beauty and warmth of yesteryear.
Executive Summary
Located in the heart of Red Bank, this classic Victorian dwelling is zoned for residential & business use (BR-1) including offices, commercial retail, service establishments, art galleries and much more. Income currently generated from 1st floor hair salon & 2-bedroom upper-level apartment. Salon offers reception room, style areas, and a spacious kitchenette & bathroom. Vintage elements include custom moldings, hardwood floors, decorative front porch, plus high ceilings & doorways. Upstairs apartment has eat-in kitchen, living room, full bath, bedroom, & office area that leads to the 2nd bedroom on the 3rd floor. Relax on upper deck or enjoy outdoor space next to the detached garage. Basement provides extra storage. Walk to shops, restaurants, Count Basie Theatre, & public transportation!
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2022) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,266 SF
Building Class
B
Year Built
1915
Price
$649,900
Price Per SF
$287
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.31
Land Acres
0.17 AC
Zoning
MU-08 - BR-1 Business/Residential-1 District - See zoning under docs - Single-Family/Multi Dwellings, Offices, Retail, Art Gallery, Service, Commercial
Parking
2 Spaces (0.88 Spaces per 1,000 SF Leased)
Frontage
37 FT on Monmouth St
Amenities
- Fenced Lot
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Walk Score ®
Walker's Paradise (94)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 39-00033-0000-00015 | Improvements Assessment | $445,700 (2024) |
| Land Assessment | $300,000 (2024) | Total Assessment | $745,700 (2024) |
PROPERTY TAXES
Parcel Number
39-00033-0000-00015
Land Assessment
$300,000 (2024)
Improvements Assessment
$445,700 (2024)
Total Assessment
$745,700 (2024)
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John McHugh -
Jamie Paradise -
RE/MAX Bay Point Realtors
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140 Monmouth St
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