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    228 State Route 34 Matawan, NJ 07747

    For Sale
    $2,200,000

    COMMERCIAL - Matawan, NJ

    Property size:
    10,000 SF
    Lot size:
    0.72 Acres
    Days on Market:
    58
    Last Refresh:
    Dec 9 at 3:06 pm

    Property Features for 228 State Route 34

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security System
    Rooms
    Basement
    APN
    15-10260-0000-00067
    Parking
    50
    Parking features
    Parking Lot, Open
    Exterior features
    Lighting
    Basement
    Walk-Out Access, Full
    Size
    10,000 SF
    Lot size
    0.72 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1990
    Floors in Building
    2
    Flooring type
    Vinyl, Tile, Concrete
    Building materials
    Brick

    Better Homes Realty (800) 531-2885 [email protected]

    Listing agent B.K. Kromer (732) 264-9593

    Listing date Oct 13, 2025

    Copyright © 2025 Monmouth Ocean Regional Realtors and Monmouth Ocean Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Updated Matawan Commercial Investment Opportunity

    This commercial building in Matawan, New Jersey, presents a turnkey investment opportunity. The property features modern design with functional, income-producing space. Spanning approximately 10,000 square feet, the building houses a mix of six established tenants, all secured on active leases. Significant investments have been made in high-quality updates throughout, including new bathrooms, ceilings, lights, flooring, and custom Italian glass and wood doors. The HVAC and air systems are new, with all ducts redone, and custom painting throughout the building. A new roof and camera system with parking lot timer lights have been installed. The property also includes a full basement. Situated on a 0.72-acre lot, this low-maintenance, cash-flowing asset is suitable for investors seeking a stable addition with clear potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Matawan
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.283721
    Latitude
    40.424589

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    FAQs

    What type of property is this?
    Office building - Fully leased, updated building with diverse tenants and income potential.
    Where is this office building located?
    The property is located at 228 State Route 34 Matawan, NJ.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: - Fully leased building with 6 established tenants providing immediate income.; - Extensive high-quality updates throughout, including new bathrooms, ceilings, lighting, flooring, custom Italian glass and wood doors, HVAC, and roof.; - Low-maintenance, cash-flowing asset ideal for investors.
    (732) 264-9593
    Request Owner's contact information
    228 State Route 34 Matawan, NJ 07747
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    Matawan, NJ 07747
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    228 State Route 34 Matawan, NJ 07747
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