$2,500,000
Spring Lake, NJ 07762
MLS# 21811139
Status: Closed
7394 sqft
1 / 4
Property Description
Renovated commercial property in the prestigious business district of the shore community: SPRING LAKE. Situated on the corner of 3rd and Morris, 1202 3rd Ave boasts premium visibility along with the benefit of side street parking. With two of the three units occupied, the potential to own this positive income producing property is here.
Details
Maps
Contract Info
Sale: Yes
Lease: Yes
List Price/SqFt: 371.92
Lease Price: 3975
Lease Price Per/SqFt: 0.54
Status: Closed
List Date: 2018-03-24
Property Sub-Type: Commercial
Sold Price: $2,500,000
Current Price: $2,500,000
Location
Area/Section: None
Business District: 1
House Number: 1202
Street Name: 3rd
Street Suffix: Avenue
County: Monmouth
Municipality: Spring Lake (SPR)
Postal City: Spring Lake
State: NJ
Zip Code: 07762
Directions: Route 71 North or South to East on Warren, make left on 5th, right on Morris, to 3rd. Downtown Spring Lake on the corner of 3rd Ave and Morris.
General Property Info
# Levels: 1
Available SqFt: 7394
Lot Dimensions: 69 x 100
Garage: No
# Car Garage: 0
Apx SqFt: 7394
Apx Year Built: 2016
Tax and Legal
Asmnt - Total: 1514200
Taxes: 10493
Tax Year: 2017
Income & Expenses
# Rental Units: 3
Use
Retail: 1
Zoning
Retail: 1
Lot Description
Corner Lot: 1
Electric
Other - See Remarks: 1
Gas
At Street: 1
On Site: 1
Cooling
Central Air: 1
Water Heater
Natural Gas: 1
Heating
Forced Air: 1
Natural Gas: 1
Water
Public Water: 1
Sewer
Public Sewer: 1
Exterior
Display Window: 1
Parking
Lighted: 1
On Street: 1
Assessment Status
Assessed: 1
Status Change Info
Under Contract Date: 2018-09-14
Sold Date: 2018-12-19
Sold Price: $2,500,000
Property Features
Location: Business District; Business District
Use: Retail
Cooling: Central Air
Heating: Forced Air; Natural Gas
Water Heater: Natural Gas
Water: Public Water
Sewer: Public Sewer
Gas: At Street; On Site
Electric: Other - See Remarks
Exterior: Display Window
Parking: Lighted; On Street
Zoning: Retail
Lot Description: Corner Lot
Assessment Status: Assessed
Listing Office: Realty One Group Emerge
Listing Agent: Jeffrey Roberts
Last Updated: February - 02 - 2025
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth Ocean Regional REALTORS®, and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.