269 Alexander Avenue

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269 Alexander Avenue

Howell, NJ 07731
Asking Price
$625K
Asset Type
Land
Class
Class B

What's Special

269 Alexander Avenue is situated in a versatile corridor of Howell, New Jersey. The property is positioned within a light industrial and mixed-use neighborhood characterized by a blend of established businesses and residential clusters. It offers immediate access to major regional thoroughfares, including US-9 and Interstate 195, facilitating efficient transit to the Garden State Parkway and NJ Turnpike. Nearby amenities include a variety of retail centers, dining options, and service providers located along the Route 9 commercial spine. The site is suited for industrial development, outdoor storage, or specialized commercial facilities permitted under local zoning. Ideal use cases include equipment staging, fleet parking, or the construction of a distribution warehouse to serve the Monmouth County market. Potential tenants typically include regional logistics firms, construction contractors, or trade services seeking a strategic location with highway proximity. The flat topography and existing infrastructure nearby provide a functional foundation for diverse operational requirements.

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NOI
$80,000
Cap Rate
12.80%
DSCR
2.16
Strong
Cash-on-Cash
22.88%
Monthly Payment
$3,092.159
Annual Cash Flow
$42,894.092

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