317 Brick BlvdBrick Township, NJ 08723

Property Details for 317 Brick Blvd

Construction

FRAME

Lot size

4.31 AC

Zone code

B2

Property type

Commercial real estate

APN

07 00547- 02-00017

APU

7005470200017

Description

This exceptional Brick Township, NJ investment opportunity encompasses a portfolio of two buildings totaling 42,392 square feet on an 8.62-acre lot. The property is comprised of a single-story retail building and a two-story, elevator-equipped office building located on Brick Boulevard, zip code 08723. The asking price is $7,600,000, representing a compelling $200.51 per square foot and a 6.50% capitalization rate. Both buildings boast significant recent capital improvements. The office building has undergone a complete renovation, including a new roof, thirteen 3-ton HVAC units, new siding, windows, and roofing. The retail building features two newly installed HVAC units within the past few years. This fully rented property presents a strong cash flow and significant upside potential for the discerning investor. The property is conveniently located in Ocean County, New Jersey, offering easy access to major transportation routes and a thriving local market. This is a rare opportunity to acquire a well-maintained, high-performing commercial property in a desirable location. Detailed financial information and marketing materials are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $46,710,600

  6.5%

  $43,117,500

  7%

  $40,037,700

• Comparable approach

  Method

  Valuation

  Relative Method

  $24,530,600

  Geo Method

  $24,530,600

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $81,665,600

  Retail / Commercial

  $42,508,600

  Mixed-Use / Specialty

  $42,854,200

  Hospitality / Lodging

  $32,088,100

  Office

  $43,117,500

  Institutional / Educational

  $44,728,800

  Residential Income

  $52,332,700

  Multifamily

  $60,008,800

  Automotive / Energy

  $38,339,000

  Parking / Income-Based Land

  $12,739,100

  Restaurant / Food Service

  $23,349,900

  Healthcare / Senior Housing

  $43,436,400

Location Insight

City

Brick

County

Ocean

State

New Jersey

Latitude

40.0437

Longitude

-74.1416

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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