119 Newman Spg RdShrewsbury, NJ 07702

Property Details for 119 Newman Spg Rd

Lot size

0.51 AC

Property size (Sq ft)

6,200 SF

Property type

Retail properties

Property subtype

Retail space

Description

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.

Location Insight

City

Shrewsbury

County

Monmouth

State

New Jersey

Latitude

40.3246

Longitude

-74.0594

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