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    State Route 34 Matawan, NJ 07747

    For Sale
    $735,000

    Renovated commercial building, ample parking.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This renovated commercial property, situated on State Route 34 in Matawan, New Jersey, presents a compelling investment opportunity. The building comprises four individual units, ideally suited for a variety of commercial uses. Two units are located on the ground floor, and two are situated upstairs, providing flexibility for different tenants or a single owner-occupier. Each unit boasts oversized offices, spacious reception areas, and its own dedicated bathroom, ensuring privacy and convenience for occupants. The building's design prioritizes functionality and efficiency, making it an attractive option for businesses seeking a well-maintained and practical workspace. A significant advantage is the availability of ample parking, a valuable asset in many commercial settings. The property's location on State Route 34 offers excellent visibility and accessibility, placing it within easy reach of a substantial business community. The asking price of $735,000 reflects the property's renovated condition, desirable features, and strategic location. This is an exceptional opportunity to acquire a well-maintained multi-unit commercial building in a thriving business area. The property is offered as-is.

    Property Features for State Route 34

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1985
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Matawan
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.21799
    Latitude
    40.3876

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    FAQs

    What type of property is this?
    Commercial real estate - Renovated commercial building, ample parking.
    Where is this commercial real estate located?
    The property is located at State Route 34 Matawan, NJ.
    What is the asking price?
    The asking price for this property is $735,000.
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    State Route 34 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
    State Route 34 Matawan, NJ 07747
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