Estimated payment $16,040/month
About This Lot
Fully approved mixed-use development opportunity on 1.55 acres along Drum Point Road in Brick less than 10 minutes from the Mantoloking Bridge. Approved D variance and site plans in place. Building plans are complete and ready for permit submission. Phase 1 environmental is clear, and construction can begin this summer. The project includes a 27,700 sq ft, three-story building with 2 commercial units and 18 (2 and 3 bedroom) residential apartments. Features include 45 parking spaces, 8 EV charging stations, and an outdoor seating area. A shovel-ready investment in a high-demand location.
Property Details
Property Type
- Land
Est. Annual Taxes
- $672
Additional Features
- Electricity Available at Street
- 1.52 Acre Lot
- Gas Available at Street
Listing and Financial Details
- Assessor Parcel Number 07-00323-04-00003
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,232 | $280,000 | $155,000 | $125,000 |
| 2024 | $6,874 | $280,000 | $155,000 | $125,000 |
| 2023 | $6,784 | $280,000 | $155,000 | $125,000 |
| 2022 | $6,784 | $280,000 | $155,000 | $125,000 |
| 2021 | $6,642 | $280,000 | $155,000 | $125,000 |
| 2020 | $6,558 | $280,000 | $155,000 | $125,000 |
| 2019 | $6,448 | $280,000 | $155,000 | $125,000 |
| 2018 | $6,300 | $280,000 | $155,000 | $125,000 |
| 2017 | $6,129 | $280,000 | $155,000 | $125,000 |
| 2016 | $6,098 | $280,000 | $155,000 | $125,000 |
| 2015 | $5,939 | $280,000 | $155,000 | $125,000 |
| 2014 | $5,891 | $280,000 | $155,000 | $125,000 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/26/2025 08/26/25 | For Sale | $3,000,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $815,000 | Trident Abstract Title | |
| Deed | -- | None Available | |
| Deed | $150,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $150,000 | Commercial | |
| Previous Owner | $150,000 | Commercial |
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
MLS Number: 22525825
APN: 07-00323-04-00001
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