425 Liberty StLong Branch, NJ 07740
- Other commercial real estate
- 14,400 SF
Property Details for 425 Liberty St
- Year built
- 1973
- Lot size
- 2.60 AC
- Property size (Sq ft)
- 14,400 SF
- Zone code
- RC-2
- Property type
- Other commercial real estate
- APN
- 27 00379-0000-00001- 03
- APU
- 270037900000000103
Description
Exceptional 2.6-acre riverfront property in Long Branch, NJ, is available for $17,999,999. This 113,234 square foot lot boasts RC-2 Riverfront Residential Commercial zoning (345.29), offering diverse development potential. Permitted uses include townhouses (345.53), neighborhood commercial (345.32), and waterfront mixed residential, allowing up to 30 units per acre (345-55). The property currently houses a strip mall, but its true value lies in its redevelopment potential. A riparian grant is included, and preliminary assessments suggest the possibility of constructing up to 85 boat slips for 25-foot boats. The seller is offering a $1,200,000 credit towards the construction of a 3-bedroom townhouse of their choosing, with potential for up to 5 units. Note that all necessary approvals must be obtained by the buyer. An adjacent property at 401 Liberty St is also available for purchase at $949,000. Direct communication with current business owners or the property owner is prohibited. This is a unique opportunity for developers seeking a high-value riverfront project in a desirable New Jersey location. The property is located at 425 Liberty St, Long Branch, NJ 07740.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $3,046,413
- Hospitality
- $2,790,498
- Educational
- $2,321,662
- Medical
- $2,401,507
- Retail
- $3,611,474
Location Insight
- City
- Long Branch
- County
- Monmouth
- State
- New Jersey
- Latitude
- 40.3164
- Longitude
- -73.9948
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].