40 Shrewsbury Ave, Red Bank, NJ 07701

This is a rare opportunity to acquire one of the most unique waterfront properties around, at a very reasonable price! And, don't wait long, it will be listed on the "multiple listing service" in approximately mid June of 2011, so now is the time to "get in" before "everyone" knows about it.  This beautiful waterfront property can be used as either a single family home, a two family home, or as a "mixed use" commercial property with business on the first floor, and residential upstairs (present use).  If you are looking for a single family home with something different than the everyday (or trying to avoid "suburbia", for that matter), here is a waterfront property with some style! "One of a kind" is the best way to describe this property that is near the best that Red Bank has to offer. Walk to one of the dozens of restaurants for dinner, catch a show at the nearby Ct. Basie or Two River theatres, watch the Jazz Fest or the fireworks (from your own yard!), jump in the car to one of the nearby beaches, or just relax down by - or on - the water in your own private little world. All of this while being just a stone's throw from the Red Bank train station to NYC, 15 minutes to the ferry, or minutes to exit 109 on the Parkway. This property is centrally located, to say the least. Situated on the Navesink river, facing west to gorgeous sunset views, this building is presently being used as a Mixed Use commercial property that is also an excellent use for it. There is professional space on the first floor with a large finished basement, for a total usable commercial square footage of roughly 2,000 square feet. Upstairs, the separately entered "high end" 1br apartment makes a great rental - or could be a private apartment for the owner of the building, or for their visiting clients! For a business, the location is excellent, and the features of the property allow for any small business to have basically all it could ever need.  If the property was (easily) converted to two family residential use, the rental income would be substantially higher than in other locations, due to the waterfront setting, the proximity to NYC trains, and the excellent condition and quality of the building. Depending on a mortgage amount, the rents should come close to, or exceed, a monthly carrying cost. And, if one rented out two main units in the front building, one would still have private use of the boathouse (described below) for their own private office, for private meetings, or simply to enjoy for entertainment! Totally renovated in 2000, both buildings are in very good condition, and the features list is long (see below). When re-configured as a single family, the home would have either 3 bedrooms, 2.5 baths, or 2 bedrooms, 2.5 baths; kitchen, dining, large living, large finished basement, and spacious attic. Aside from the main house, there is even a gorgeous, private, detached, separate "boathouse" on the hill facing the water, replete with stone walls, deck, french doors, high ceilings, theatre and surround sound, and of course, the best views around. This separate structure can either serve as a private entertainment hub for cocktail parties, for watching movies (has a theatre with surround sound), or for enjoying the view. It can also make a great home office for a landlord who rents out the main building, or can be used as a private office or conference room for the main building occupants. Down below the boathouse, you'd never know you were just blocks from all the bustle of Red Bank. The lower yard is very peaceful, and a bulkhead allows easy access to the water by kayak, waverunner, or boat. Again, the views are amazing - the best you'll find in the area.  A few more details:  Offstreet parking is plentiful - there are six spots. There are also three levels total to the property, the parking level, the mid level by the boat house, and the lower river level.  A total overhaul in 2000 included new roof, Anderson windows, heat/cooling, electri