MLS#NJMM2004272
STATUSACTIVE
PROPERTY TYPECommercial -
SCHOOLWALL TOWNSHIP PUBLIC SCHOOLS
Property Description
Stabilized Mixed-Use Investment With Residential Upside – Belmar, NJ 1614 Route 71 presents an attractive mixed-use investment opportunity in the heart of Belmar, New Jersey. The property consists of three fully leased street-level retail stores and two spacious 2-bedroom residential apartments, offering a balanced income stream with built-in upside. The asset generates a projected 7.1% cap rate on current operations with a gross annual income of $118,200. The retail component is fully leased, providing stable in-place cash flow, while the residential units offer clear upside through rent increases, allowing an investor to enhance returns over time. Located along Route 71, the property benefits from strong visibility, traffic exposure, and proximity to Belmar’s downtown, transit, and Jersey Shore amenities, supporting both retail tenancy and residential demand. Well-suited for investors seeking steady cash flow with value-add potential in a proven shore market.
Property Features
Property Type: Commercial -
Cooling: Multi Units
Fuel Type: Natural Gas
Heating: Baseboard - Hot Water
Lot Size: 0.34 Acres
Taxes: $7,296
Year Built: 1930
Feature Descriptions
Days on Site: 113
Exterior: Brick, Advanced Framing
Lot Dimensions: 0.34 Acre(S)
Municipality: BELMAR BORO
Sewer: Public Sewer
Total Garage/Parking Spaces: 20
Units: 5
Water: Public
Local Schools
School District: WALL TOWNSHIP PUBLIC SCHOOLS
Listed By / Shown By
Listed By
Agency Name: VORO Keystone, LLC
Agency Phone: 8779438676
Shown By
Agency Title: RealtyMark
Agency Phone: 888-240-0600
1614 Rt-71 | MLS# NJMM2004272
This commercial property located at 1614 Rt-71, Belmar, NJ 07719 is currently listed for sale with an asking price of $1,300,000. Rt-71 is located within the WALL TOWNSHIP PUBLIC SCHOOLS school district. Search Belmar real estate on www.realtymark.net today.