Brothers Commercial Brokerage - Red Bank NJ

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227 E Bergen Pl # 3, Red Bank, NJ 07701
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9 West North Street, Highlands

$649,000 | Contact an Agent | Speak With an Agent 732-747-5575

The building is a masonry building that is partial block with a pitched roof. Location is prime just off the main road going through the Highlands. The building is located in the commercial B-2 district
that is a mix of commercial and new residential in the immediate area. 9 West North consists of 6 rental units with 5 units being rentable garages and 1 (one) bedroom apartment. Occupancy is
about 50% with a family member renting the apartment. The structure is considered to be in average condition. This property could be purchased for continued use as a storage facility with a
rental apartment. 9 West North Street is in the middle of the townships redevelopment zone so there is an opportunity to revitalize the structure with possible favorable financing and construction financing through various redevelopment lending institutions.

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