ROCK

A S S E T M A N A G E M E N T , L L C R O C K D E V E L O P M E N T C O R P .

SINCE 1986

NJ LICENSED REAL ESTATE BROKER

P.O. BOX 609

SPRING LAKE, NEW JERSEY 07762 T (732) 449-8500 F (732) 359-7391 C (732) 573-2833

gerry@rock-partners.com www.rock-partners.com

SURVEY 2010

HWY 35 & BANGS AVE SIGNILIZED TRAFFIC LIGHT

Land Area: Approximately 1.347 Acres (combined lots) with 312.60’ frontage on Hwy 35.

Block 808 Lot 8 [505 Hwy. 35] Tax ID#: 35-0000808-0000-00008

Assessed Value: $311,300.00

Real Estate Taxes: 2017 at $ 7,032

Block 808 Lot 6 [ 515 Hwy. 35] Tax ID#: 35-0000808-0000-00006

Assessed Value: $70,400.00

Real Estate Taxes: 2017 at $1,590.00

Block 808 Lot 5 [1702 Monroe Ave] Tax ID#: 35-0000808-0000-00005

Assessed Value: $75,900.00

Real Estate Taxes: 2017 at $ 1,715

Flood Zone Code: “X” for all parcels.

Wetlands: None known.

Parking: Portion of lot paved

Curb Cuts: Multiple.

Zoning: B-1 Town Commercial

Traffic Count Hwy 35: 19,000 VPD

Monmouth County Population: 625,846+ people (2016)

Neptune Township Population: 27,935 + people (2010)

Neptune Township Redevelopment Zone: The property is located in the Neptune Township

Redevelopment Zone adopted September 22, 2008. Visit www.neptunetownship.org for details.

Price: $949,000.

Terms: All cash at closing transaction.

Due Diligence: Inspection period of thirty (30) days with costs paid by Buyer.

Closing: Within ten (10) days after inspection period.

Documents: Seller to provide copy of existing survey and title documents.

Survey: Buyer to obtain updated survey at Buyer’s expense.

Title: Buyer to obtain updated Title Policy at Buyers expense.

Closing Costs: Seller and Buyer pay their own respective attorney fees. Closing costs as

customary in Monmouth County, NJ.

Condition: Property shall be delivered vacant land in AS-IS existing condition.

1031 Exchange: owner will accommodate a 1031 exchange buyer.

Lease Price: Owner will consider a long term NNN ground lease or build to suite. Price to be

determined based on overall Lease terms.

DISCLOSURE: Any and all information contained herein is subject to errors and omissions and may be withdrawn with or

without notice. All Information is from sources deemed reliable however it is the duty of the recipient to independently verify

any and all information.

Neptune Township Zoning Map

Yellow area is the Neptune Township Redevelopment Zone

Site is B-1 Town Commercial Zone

Neptune Township B-1 Commercial Zone