761-853 Route 35 Middletown, NJ Kings Highway East FOR SALE Sleepy Hollow Rd Prime Development Opportunity Kings Highway East 350 Townhomes Coming Soon Route 35 SITE Route 35 52 Acres (19,812 AADT)2,500 Feet Fronting Route 35 Kanes Lane Route 35 Route 35 Property Summary ADDRESS Kings Hwy E 761-853 Route 35, Middletown, NJ BLOCK/LOT NO. 350 Townhomes Block No. 825 Coming Soon Lot No.s 53-57, 58-68, 69.07, 72-79 & 81 Route 35 52 Acres LOT SIZE (19,812 AADT) Approximately 52 Acres FRONTAGE 2,500 feet fronting Route 35 with multiple access points, 2 of which are approved to be signalized with full access. Kanes Ln SRS REAL ESTATE PARTNERS | 340 Madison Avenue, Suite 3E | New York, NY | 212.710.5245 This information contained herein was obtained from sources deemed to be reliable; however SRS Real Estate Partners makes no guarantees, warranties or representations as to the completeness or accuracy thereof. 2 Location Belford Ferry Seastreak Ferry Terminal Atlantic Highlands 35 ATLANTIC HIGHLANDS The Property is located in eastern 36 Monmouth County New Jersey, just two MIDDLETOWN Seastreak Ferry Highlands miles north of Downtown Red Bank. Positioned at the intersection of Route 35 and Kings Highway East, the location SITE SEA BRIGHT provides easy direct access to and from the Garden State Parkway and the key arterial RUMSON 35 roads that lead to the surrounding affluent Navesink River communities of Navesink, Red Bank, Fair Navesink River Rd River Rd Haven, Rumson, Holmdel and Colt’s Neck. FAIR HAVEN These communities are home to many of the country’s leading Celebrities and HOLMDEL RED BANK LITTLE SILVER Business Elite. 35 Route 35 is the main retail thoroughfare LINCROFT SHREWSBURY in the area with a traffic volume of 37,272 OCEANPORT vehicles per day. The site has 2,500 feet of frontage on Route 35 and has approved 35 accessibility via two traffic-controlled LONG BRANCH EATONTOWN intersections providing easy north and southbound access. COLTS NECK SRS REAL ESTATE PARTNERS | 340 Madison Avenue, Suite 3E | New York, NY | 212.710.5250 This information contained herein was obtained from sources deemed to be reliable; however SRS Real Estate Partners makes no guarantees, warranties or representations as to the completeness or accuracy thereof. 3 Market Aerial Kohl’s Plaza Holmdel Towne Center Belford Ferry Terminal Seastreak Ferry ABERDEEN Atlantic Highlands Hazlet 35 Middletown Plaza The Marketplace ATLANTIC at Middletown HIGHLANDS H Middletown has been named one of the H Commons at Holmdel 36 Under Seastreak Ferry best places to live by MONEY magazine Construction H MIDDLETOWN Highlands World and is home to over 70 parks, more than Class 20 schools, multiple business centers and Middletown the world class Sloan Kettering Medical SITE Facility. SEA BRIGHT RUMSON 35 Navesink River It is also less than 4 miles to the state- Navesink River Rd FAIR HAVEN River Rd of-the-art “Bell Works,” a multi million square foot Live-Work-Play community in RED BANK Red Bank LITTLE SILVER Homdel. HOLMDEL The Grove at Shrewsbury Shrewsbury Plaza SHREWSBURY Middletown is also the servicing neighbor LINCROFT to the affluent beach communities of the OCEANPORT Jersey Shore. 35 LONG BRANCH EATONTOWN H H Consumer Center COLTS NECK Monmouth Mall ® H Hospital SRS REAL ESTATE PARTNERS | 340 Madison Avenue, Suite 3E | New York, NY | 212.710.5245 This information contained herein was obtained from sources deemed to be reliable; however SRS Real Estate Partners makes no guarantees, warranties or representations as to the completeness or accuracy thereof. 4 The Shoppes at Middletown - Currently Approved Project Formerly approved “The Shoppes at Middletown” was slated to be a 340,000 square foot new town center anchored by Wegmans, 24 Hour Fitness and CMX Cinema. The unique blend of local, regional and national boutique retailers and restaurants was slated to be a vibrant one-stop venue for shopping, entertainment and outdoor dining unlike anywhere else in the region. (4,745 AADT) (19,812 AADT) SRS REAL ESTATE PARTNERS | 340 Madison Avenue, Suite 3E | New York, NY | 212.710.5245 This information contained herein was obtained from sources deemed to be reliable; however SRS Real Estate Partners makes no guarantees, warranties or representations as to the completeness or accuracy thereof. 5 The Shoppes at Middletown - Currently Approved Project *Conceptual rendering Adjacent to the Property will be a 350-unit townhouse community featuring first-class amenities. These elegantly constructed homes will be connected to the property by pedestrian and bicycle paths as well as vehicle roadways. (4,745 AADT) (19,812 AADT) SRS REAL ESTATE PARTNERS | 340 Madison Avenue, Suite 3E | New York, NY | 212.710.5245 This information contained herein was obtained from sources deemed to be reliable; however SRS Real Estate Partners makes no guarantees, warranties or representations as to the completeness or accuracy thereof. 6 The Shoppes at Middletown - Currently Approved Project The architecture of the project was designed with exquisitely landscaped pedestrian areas, wide sidewalks, inviting ambient lighting, and relaxing outdoor seating areas. Unfortunately, due to the pandemic of Covid-19 the core tenancy failed to move forward, however, many of these attributes can easily be modified and utilized into a new or revised plan for the project. Contact SRS to receive an NDA for: • Survey • Permitted uses • Full set of current plans • Current DOT approvals • Outline of existing approvals • Current re-development plan • Zoning information • Liquor license availability *Conceptual rendering SRS REAL ESTATE PARTNERS | 340 Madison Avenue, Suite 3E | New York, NY | 212.710.5250 This information contained herein was obtained from sources deemed to be reliable; however SRS Real Estate Partners makes no guarantees, warranties or representations as to the completeness or accuracy thereof. 7 New York City Commuter Information 5 miles Many of the area’s residents commute regularly to New York City and the surrounding Boroughs. The nearby 2. BELFORD FERRY transit and ferry systems provide fast, reliable service daily to multiple destinations in New York City. 3. SEASTREAK FERRY 1. NJ TRANSIT - MIDDLETOWN STATION 1.3 miles away | 3 min drive-time 2. BELFORD FERRY 1. NJ TRANSIT - MIDDLETOWN STATION 3 miles away | 9 min drive-time 3. SEASTREAK FERRY 5.2 miles away | 12 min drive-time SRS REAL ESTATE PARTNERS | 340 Madison Avenue, Suite 3E | New York, NY | 212.710.5245 This information contained herein was obtained from sources deemed to be reliable; however SRS Real Estate Partners makes no guarantees, warranties or representations as to the completeness or accuracy thereof. 8 Demographics of the Area Immediate Trade Area 3 miles 7 miles 5 miles 3 miles ABERDEEN ATLANTIC MIDDLETOWN HIGHLANDS RUMSON 5 miles FAIR HAVEN SEA BRIGHT MARLBORO HOLMDEL RED BANK SHREWSBURY LINCROFT OCEAN PORT 7 miles SRS REAL ESTATE PARTNERS | 340 Madison Avenue, Suite 3E | New York, NY | 212.710.5245 This information contained herein was obtained from sources deemed to be reliable; however SRS Real Estate Partners makes no guarantees, warranties or representations as to the completeness or accuracy thereof. 9 For more information, contact: RICHARD SCHULZ Executive Vice President 212.710.5245 | 973.713.4925 [email protected] SRS REAL ESTATE PARTNERS 340 Madison Avenue, Suite 3E, New York, NY.