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703 Route 524, Allentown, NJ, 08501

--beds
--baths
--sqft
$569,900
--price/sqft
$4,269/moest. monthly cost
$170,760/yrincome needed

About This Home

RARE MIXED-USE OPPORTUNITY in Upper Freehold's Community Commercial (CC) zone -- the kind of property that almost never comes to market. APPROVED ZONING and an APPROVED BUILDING LOT, ready to move forward. Ground-floor commercial space with income-producing RESIDENTIAL FLATS/APARTMENTS above: live where you work, or lease both levels for dual income streams -- retail/office visibility plus upstairs residential rents in one building. IMPORTANT: Mixed-use here is governed by specific township zoning. PLEASE READ THE ATTACHED ZONING ORDINANCE IN FULL before calling, so we can discuss your intended use knowledgeably. Serious, informed inquiries welcomed. Call today -- properties like this are gone before you know it!

Getting Around

16
WalkingCar-Dependent
0
TransitVery Limited Transit
36
BikeSomewhat Bikeable

Schools

4/10
Newell Elementary SchoolGrades PK-44.1 mi
8/10
4/10
Allentown High SchoolGrades 9-124.1 mi

Construction

Condition

  • New construction: Yes

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Basement

  • Has basement: Yes
  • Basement: Other

Heating & Cooling

  • Heating features: Other
  • Cooling features: None

Property

Details

  • Parcel number: 5100022010000103
  • Zoning description: Office, Professional, Retail, Commercial, Conforming Use, Multi-Use

Features

  • Stories: 2
  • Exterior features: Other
  • Topography of land: Level

Lot

  • Lot size: 1.62 Acres

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindVery High
  • Heat Wave
    Heat WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Lightning
    LightningRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Drought
    DroughtModerate
  • Hurricane
    HurricaneModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Strong Wind
Heat Wave
Inland Flooding
Ice Storm
Lightning
Winter Weather
Cold Wave
Drought
Hurricane
Wildfire

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,881$34,572
Home Insurance *$179$2,148
Property Taxes $1,016$12,192
Electricity $193$2,318
Total$4,269$51,228
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$146,365/yr
40% on housing$128,070/yr
45% on housing$113,840/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.2%
9.2%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 08501$261
Monmouth County$425

vs Homes Sold Last Month

Median $/sqft

ZIP 08501$289
Monmouth County$384

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-29Listed for sale$569,900

New Construction

AgentJoseph San Nicola
BrokerageMaxima Realtors

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