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45 Ridge Ave - Vacant Industrial Building 0.67 Acres of Commercial Land in Neptune City, NJ 07753
Investment Highlights
- Concept plans include 13-unit, 2 story apartment building, 10 townhomes & 4 single family homes.
- Located within the R4 Medium Density Residential Zone. Permitted uses include community shelter, single family residence, park, place of worship, etc.
- Potential Development for Eleven (11) Townhomes or Thirteen (13) Multi-Family Units
- Property tax $18,742 (2025)
Executive Summary
The property can be sub-divided in to four (4) single family build able lots as-of right. It also has the capability of supporting a development of either eleven (11) townhomes or thirteen (13) residential units which will require further municipal approvals.the structure is NON-CONFORMING - PRE EXISTING lite industrial bldg contact neptune township
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per AC (CAD) |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
Property Facts
1 Lot Available
Lot 504
| Lot Size | 0.67 AC |
| Lot Size | 0.67 AC |
Located in Neptune City with close proximity to major roadways such as Route 35 and Route 33, as well as easy access to the Garden State Parkway and Route 18. Redevelopment opportunity in R-4 zone.
Description
Former 13,000 sf "non-functional" industrial building located within the Neptune Twp residential neighborhood off Corlies Avenue (Route 33).
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 35-00504-0000-00017 | Total Assessment | $627,532 CAD |
| Land Assessment | $278,567 CAD | Annual Taxes | -$1 CAD |
| Improvements Assessment | $348,965 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
35-00504-0000-00017
Land Assessment
$278,567 CAD
Improvements Assessment
$348,965 CAD
Total Assessment
$627,532 CAD
Annual Taxes
-$1 CAD
Tax Year
2025
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45 Ridge Ave - Vacant Industrial Building
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