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    239 State Route 79 Morganville, NJ 07751

    Sponsored
    For Sale
    $695,000

    High-yield, multi-tenant commercial property.

    Property size:
    2,156 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional investment opportunity presents a mixed-use property ideally situated on Route 79 in the Morganville section of Marlboro Township, NJ. The property encompasses two buildings on a one-acre lot, offering a compelling blend of commercial and residential income streams. The main building, a three-story structure, features approximately 1,000 square feet of ground-floor retail space currently leased to long-term tenants under multi-year agreements. Above the retail space, a spacious 1,160-square-foot, two-bedroom apartment occupies the second floor. This apartment boasts an oversized galley kitchen, dining room, living room, laundry facilities, and a private outdoor deck. Additional rooms on the third floor, accessible via a separate entrance, are currently used as storage by the apartment tenant. A second building on the property provides an additional 780 square feet of workshop and retail space, complemented by ample attic storage on the second floor. The entire property benefits from a recently installed, large-capacity, state-of-the-art sewage system, ensuring efficient and reliable operation. The property's location in a C-2 Neighborhood Commercial District and its backing to the Henry Hudson Trail add to its desirability. This income-producing property, with its established tenants and diverse space, represents a strong addition to any investment portfolio. The property is listed at $695,000 and offers significant potential for long-term growth and return.

    Property Features for 239 State Route 79

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,156 SF
    Lot Size
    43,560 SF

    Building Details

    Year Built
    1965
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Morganville
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.25011
    Latitude
    40.35141

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    FAQs

    What type of property is this?
    Commercial real estate - High-yield, multi-tenant commercial property.
    Where is this commercial real estate located?
    The property is located at 239 State Route 79 Morganville, NJ.
    What is the asking price?
    The asking price for this property is $695,000.
    (732) 536-9010
    Request Owner's contact information
    239 State Route 79 Morganville, NJ 07751
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    Morganville, NJ 07751
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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
    239 State Route 79 Morganville, NJ 07751
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