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

Local Schools