PROPERTY OFFERING #21707576

D o w n t o w n S e a B r i g h t

1148-1162 Ocean Avenue, 1 Center Street, 3 Center Street, Sea Bright, NJ 07760

AUGUST 2017

Presented by: Laura J. KelsonRealtor AssociateDiane Turton, Realtors8 West River Road, Rumson, NJ 07760Mobile 732-939-3424 LKelson@DianeTurton.com

Founded in 1889, the town of Sea Bright is known for its lovely shorelines, with distinctive Shrewsbury River & Atlantic Ocean views. Locals know Sea Bright’s beach as one of the jewels of the Jersey Shore. The neighboring towns of Sea Bright include Rumson, Little Silver, Fair Haven, Red Bank, Middletown, the Highlands, Monmouth Beach, and Long Branch. Visitors arrive from throughout New Jersey and New York. The Sea Bright coastline is graced with more member beach clubs than any other coastal NJ town, and the Municipal Beach is located across the street from this landmark Sea Bright offering. Full-service Marinas throughout Sea Bright offer boat slips in many sizes. A High Speed Ferry to Manhattan is nearby.

Downtown Sea Bright is a New Jersey Shore destination for great restaurants, retail shopping, and its many beaches. Wonderful downtown living includes luxury apartments at newly developed three-level Residences at Rooney Plaza, and Single Family Homes throughout the heart of Downtown. The Downtown Business District is anchored by this two-level +/-15,066 Sq. Ft. building for sale at the signalized intersection of Ocean Ave/Hwy 36 & Center Street. The 4-parcel property for sale also includes 2 vacant lots on Center St.

About Downtown Sea Bright

The information herein has been obtained from sources considered to be reliable, but no guarantee of its accuracy is made by this company. Terms and conditions are subject to change without prior notice. Subject to errors and omissions. As we are representing the owner(s) of this offering, we ask that you do not enter the property without us and that you do not discuss the offering with tenants.

4-PARCEL MIXED-USE PROPERTY:•1148-1162 Ocean Avenue/State Hwy #36•1 and 3 Center St. (2 vacant residential lots, adjoining the B-1 commercial property)

Price Reduced: $2,500,000.00 Total Building Area: +/- 15,066 Sq. Ft.Ground Floor: +/- 11,754 Sq. Ft. Includes retail area, storage and receiving rooms. 2nd Floor: +/- 3,312 Sq. Ft. Unfinished space includes Compressor room, two lavatories. 2nd Floor added in year 1963.

Building Description:•Monolithic concrete slab Foundation•Concrete block exterior walls•Structural steel load bearing beams and trusses•Built up asphalt roof covering•Interior Finishes: Asphalt composition tile floor covering; Gypsun board and/or bare block walls. •Suspended acoustical tile ceiling and Trade Fixtures are property of Tenant

Mechanical Systems:•Gas fired forced warm and cold air HVAC system•Cold air HVAC system•Three phase electrical service with an estimated 1,000 amp capacity•Fully sprinklered building

The commercial building, 1148-1162 Ocean Avenue,is the prime Downtown, Free

Standing Building corner location with +/- 22 Dedicated Parking spaces on busy State Hwy 36.

The adjacent residential lots are at 1 and 3 Center Street .

Zoning Map Sea Bright, NJ 07760

Contact Laura J. KelsonMobile 732-939-3424

Block 10. Lot 3: 3 Center St.2016 Total Tax: $ 995.72Land Dimensions: 25x72Land Improvements $76,300

Block 10. Lot 2: 1 Center St.2016 Total Tax: $ 995.72Land Dimensions: 25x72Land Improvements $ 76,300

Block 10. Lot 1: Building1160 Ocean Ave.2016 Total Tax: $22,733.10Land Dimensions: 140x75Land $ 674,000Improvements $1,068,000TOTAL $1,742,000

Block 8. Lot 1: Parking1162 Ocean Ave.2016 Total Tax: $3,498.71Land Dimensions: 200x37Land $ 258,900Improvements $ 9,200TOTAL $ 268,100

4-Parcel Mixed Use Property 2016 Real Estate Assessment:Total 2016 Real Estate Taxes: $28,223.25

For More Information, contact:Laura J. Kelson, Realtor AssociateMobile 732-939-3424

Center St.

To Red Bank Garden State Parkway Exit #109, to North Jersey, & New York.

State Hwy #36/Ocean Ave. south to Monmouth Beach, Long Branch (OceanBlvd.), Deal (Ocean Avenue), Allenhurst (Ocean Avenue), Asbury Park (Main St/Rte 71) and Jersey Shore points south.

To Seastreak Ferryto Downtown Manhattan

For more information, contact:Laura J. KelsonRealtor AssociateDiane Turton, Realtors8 West River Road, Rumson, NJ 07760MOBILE 732-939-3424 EMAIL LKelson@DianeTurton.comLocation information

To Seastreak Terminal Ferry

transportation, and Sandy Hook

beaches.https://

seastreak.com/nj-nyc-commute-by-

ferry/

1160 Ocean Ave

Seastreak Ferry45 minutes toDowntown, Manhattan

Hwy #36