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    22 Lower Main St Matawan, NJ 07747

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    For Sale
    $335,000

    Land with zoning approvals to build three units.

    Property size:
    2,491 SF

    Property Features for 22 Lower Main St

    General Information

    Standard status
    Active
    Size
    2,491 SF

    Source: COLDWELL BANKER REALTY Agent SANGITA SANCHETI

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land for Residential Development

    This property consists of land with an existing old building. The value of the property lies in the land itself and the zoning approvals that allow for the construction of three units.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Matawan
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.2147049
    Latitude
    40.4255755

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    FAQs

    What type of property is this?
    Land - Land with zoning approvals to build three units.
    Where is this land located?
    The property is located at 22 Lower Main St Matawan, NJ.
    What is the asking price?
    The asking price for this property is $335,000.
    What are key features of this property?
    This property features: - Zoning approvals in place to build 3 units; - Land value makes this a smart investment; - Development opportunity awaits
    Request Owner's contact information
    22 Lower Main St 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
    22 Lower Main St Matawan, NJ 07747
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