For Sale
$1,999,000

119 Newman Springs RdShrewsbury, NJ 07702

Prime Retail Space, High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 6,200 square foot storefront property, located at 119 Newman Springs Rd in Shrewsbury, New Jersey (zip code 07702), presents a lucrative investment opportunity. Situated on a 0.51-acre lot, this single-tenant building is currently occupied by Big Red Property and boasts a prominent location on a major thoroughfare between the Garden State Parkway and Highway 35, ensuring high visibility and substantial foot traffic. The property is zoned B-1 (Business Zone), allowing for a variety of commercial uses. The asking price is $1,999,000, translating to a price per square foot of $322.42. Ample on-site parking is available for customers and employees. The building is a single-story structure, offering convenient access and functionality. This is an ideal opportunity for investors seeking a well-located, established retail property in a thriving New Jersey market. The property's strategic location and substantial square footage make it an attractive investment with significant potential for future growth and return. This is a rare opportunity to acquire a high-performing retail space in a prime Monmouth County location.

Highlights

  • $1,999,000 asking price for this 6,200 square foot retail storefront.
  • Located at 119 Newman Springs Rd, Shrewsbury, NJ 07702.
  • Single-tenant occupancy with Big Red Property as the current tenant.
  • Situated on a 0.51-acre lot in a B-1 Business Zone.
  • Price per square foot is $322.42.

Property Details for 119 Newman Springs Rd

Property type
Retail properties, Retail space
Square Feet
6,200 SF
Stories
1
Lot Size (sq. ft)
22,216 SF

Location Insight

City
Shrewsbury
County
Monmouth
State
New Jersey
Latitude
40.3245731
Longitude
-74.0593872
119 Newman Springs Rd, Shrewsbury, New Jersey

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119 Newman Springs Rd
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