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Big Red Property ~ Lots 34 & 35 119 Newman Springs Rd E 6,200 SF Retail Building Red Bank, NJ 07702 $3,410,600 CAD ($550.10 CAD/SF)
Investment Highlights
- High Traffic Area
Executive Summary
6,200 Sq. Ft. Retail Building on Busy Highway. Plenty of Parking On Site. Major Thoroughfare Between the Garden State Parkway and Highway 35.
Taxes & Operating Expenses (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
$25,676
|
$4.14
|
| Operating Expenses |
$913
|
$0.15
|
| Total Expenses |
$26,589
|
$4.29
|
Taxes & Operating Expenses (Actual - 2023)
| Taxes (CAD) | |
|---|---|
| Annual | $25,676 |
| Annual Per SF | $4.14 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $913 |
| Annual Per SF | $0.15 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $26,589 |
| Annual Per SF | $4.29 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,200 SF
Building Class
C
Year Built
1954
Price
$3,410,600 CAD
Price Per SF
$550.10 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.52 AC
Zoning
B-1 - Business Zone District
Parking
15 Spaces (2.42 Spaces per 1,000 SF Leased)
Frontage
150’ on Newman Springs Rd
Amenities
- Air Conditioning
- Smoke Detector
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 44-00005-0000-00034 | Total Assessment | $1,678,047 CAD (2025) |
| Land Assessment | $904,351 CAD (2025) | Annual Taxes | $25,676 CAD ($4.14 CAD/SF) |
| Improvements Assessment | $773,695 CAD (2025) | Tax Year | 2023 |
Property Taxes
Parcel Number
44-00005-0000-00034
Land Assessment
$904,351 CAD (2025)
Improvements Assessment
$773,695 CAD (2025)
Total Assessment
$1,678,047 CAD (2025)
Annual Taxes
$25,676 CAD ($4.14 CAD/SF)
Tax Year
2023
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Big Red Property ~ Lots 34 & 35 | 119 Newman Springs Rd E
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