$2,350,000560 Hwy 35 nullMantoloking, NJ, 08738

LISTED BY

SALT AND CEDAR PROPERTIES, LLC

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Primary Features

  • Bedrooms: 5
  • Bathrooms: 5
  • Lot Size Square Feet: 9500 sqft.
  • Rooms: 13
  • Property Type: Residential
  • Property Sub Type: Single Family Residence

Other Features

  • Flooring: Wood
  • Foundation Details: n/a
  • Heating: Baseboard Hotwater, Hot Water
  • Parking Features: Paver Blocks
  • Roof: Asphalt
  • Utilities: Electricity Connected, Natural Gas Connected
  • Electric: n/a

Location

  • Street Address: 560 Hwy 35 null
  • City: Mantoloking
  • State: NJ
  • Postal Code: 08738
  • Zoning: R5

Pricing & Sale Info

  • List Price: $2,350,000
  • Tax Annual Amount: $15,544
  • MLS#: 2301620R
  • Last Change Timestamp: Aug 10, 2022
  • Source MLS: Central Jersey MLS

About This Property

Attention investors: $200,000 plus annual Inherent rental income capacity. Rare beach block opportunity with prime visibility! Mixed-use non-conforming property (R-5). includes 3 storefronts and 2 second floor apartments in a prime location. Possibilities of commercial use are endless! The property is free and clear with no current leases. Storefronts were formerly a restaurant with indoor/outdoor seating area, ice cream shop & business office. The 2nd floor offers two apartments offering 3 bedrooms/ 1 bath & 2 bedrooms/ 1 bath. Property did not flood during Sandy and has no known history. Clean 17 year insurance record with current owner. This highly-sought after location is approved for a single family home as well. Property has 7 parking spaces.