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147-155 Church St 7,000 SF 100% Leased Retail Building Belford, NJ 07718 $1,634,592 CAD ($233.51 CAD/SF)
Executive Summary
A unique investment opportunity with significant multi-family and residential development potential is now available in the Belford section of Middletown. Situated in an R7 zone where commercial use is permitted, this offering spans three contiguous parcels and includes a fully operational funeral home with an outstanding reputation for compassionate service in the community. The rear lot, measuring 100x100, is currently used for parking but may allow for the construction of one to two single-family homes, subject to township approvals. Additionally, there may be potential for the development of up to four new construction homes on the site, further enhancing the property's long-term value.
The primary building offers over 5,000 square feet of space, including a basement and private owner's living quarters. A second structure provides more than 2,500 square feet of office space, complete with a separate apartment aboveoffering immediate residential or rental income possibilities. Oxford House use is permitted; please consult the attached township guidelines for details.
The business is being sold separately and will require an independent valuation. Prospective buyers are responsible for performing all due diligence regarding zoning, development potential, and business operations.
The primary building offers over 5,000 square feet of space, including a basement and private owner's living quarters. A second structure provides more than 2,500 square feet of office space, complete with a separate apartment aboveoffering immediate residential or rental income possibilities. Oxford House use is permitted; please consult the attached township guidelines for details.
The business is being sold separately and will require an independent valuation. Prospective buyers are responsible for performing all due diligence regarding zoning, development potential, and business operations.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
7,000 SF
Building Class
C
Year Built/Renovated
1910/2004
Price
$1,634,592 CAD
Price Per SF
$233.51 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.24
Lot Size
0.68 AC
Zoning
R-7 - See attached R7 Zone regulations and permitted use docs.
Parking
11 Spaces (1.57 Spaces per 1,000 SF Leased)
Frontage
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 32-00286-0000-00023 | Improvements Assessment | $1,176,342 CAD |
| Land Assessment | $448,325 CAD | Total Assessment | $1,624,667 CAD |
Property Taxes
Parcel Number
32-00286-0000-00023
Land Assessment
$448,325 CAD
Improvements Assessment
$1,176,342 CAD
Total Assessment
$1,624,667 CAD
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147-155 Church St
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