1420 9 AveNeptune City, NJ 07753

Property Details for 1420 9 Ave

Year built

1940

Construction

TYPE NOT SPECIFIED

Lot size

0.54 AC

Property size (Sq ft)

6,946 SF

Zone code

R-4

Property type

Industrial properties

APN

35 00409-0000-00004

APU

3500409000000004

Description

This exceptional 1,395 square foot single-tenant office space is located at 1420 9th Avenue #1 in Neptune City, NJ (07753). The property, zoned C, sits on a single-story land parcel (APN: 3500409000000004) and offers a highly desirable executive office layout. The space boasts four private offices, two bathrooms, a spacious storage closet, and a convenient kitchen area. A reception window enhances the professional atmosphere. The building offers one designated parking space within a lot, supplemented by additional off-street parking. This prime location provides easy access to major roadways including Routes 18, 33, and 35, placing it within close proximity to Jersey Shore Medical Center, Asbury Park, and Bradley Beach. Utilities are the responsibility of the tenant. This is an excellent opportunity for a business seeking a well-appointed, conveniently located office space in a stand-alone building. The property is ideal for a single tenant seeking a private and efficient workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $2,809,890

  6.5%

  $2,593,750

  7%

  $2,408,480

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,452,100

  Geo Method

  $1,452,100

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $1,339,970

  Mixed-Use / Specialty

  $1,343,000

  Hospitality / Lodging

  $995,480

  Office

  $1,343,150

  Institutional / Educational

  $1,398,970

  Residential Income

  $1,636,790

  Multifamily

  $1,919,800

  Automotive / Energy

  $1,199,110

  Parking / Income-Based Land

  $406,086

  Restaurant / Food Service

  $715,166

  Healthcare / Senior Housing

  $1,369,210

Location Insight

City

Neptune

County

Monmouth

State

New Jersey

Latitude

40.2076

Longitude

-74.0279

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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