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161 Lincoln Ave,Elberon, NJ 07740

    Offered At: $1,250,000
  • Lot Size: 9810 Acres
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Office (732) 341-8840
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The Shops at Elberon

Property Information for 161 Lincoln Ave,Elberon, NJ 07740

Property Description

UNDER CONTRACT The Shops at Elberon Village (located in Long Branch) is being offered for sale. This property can be purchased for a below market 9.0% Cap Rate. See attached CBRE document. This will provide investors with double digit leveraged cash on cash returns. This property boasts the famous Diet Gourmet Restaurant, plus two additional spacious retail stores and 3 apartments. This is a tremendous opportunity to capitalize on the amazing growth in Elberon, Long Branch and Deal. This property is located within a mile from the iconic Jersey Shore resorts and beaches. This property is located across the street from the Elberon train station and New Jersey transit bus service, making an easy commute. This is a tremendous opportunity for an investor to own a trophy asset.