Strip Mall with Retail
For Sale
Contact for pricing
343 Matawan Rd, Old Bridge, NJ 07747
Multiple retail suites offer immediate occupancy, including an open layout with a restroom and a larger space with cooling equipment.
Property Size38,000 SF
Price / SF$0.00
Days on Market91
Property Features for 343 Matawan Rd
General Information
Standard status
Active
Size
38,000 SF
Building Details
Year Built
2000
Listing Agency:
ON TRACK REALTY
Listed By:
SANJEEV ANEJA, SAHIL ANEJA
(732) 494-2211
Source:
Thebansalteam
Added: Jul 17
Changed: Oct 2
Last Checked: Oct 7 at 4:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ON TRACK REALTY
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Investment Insights
Based on property information with market context.
Built in 2000, this strip mall contains approximately 38,000 square feet and offers retail spaces of about 1000sqft, 1430sqft, and 3050 sqft. The 1430 sqft suite is configured as open space with a bathroom, while the 3050 sqft space includes freezers and coolers offered AS IS. The property is positioned on a well-traveled corner at 343 Matawan Rd in Old Bridge, New Jersey, near GSP.
The available spaces can accommodate a range of retail formats, with immediate availability noted for the suites. Existing refrigeration equipment in the largest space may support a deli or grocery operation that can use it.
The available spaces can accommodate a range of retail formats, with immediate availability noted for the suites. Existing refrigeration equipment in the largest space may support a deli or grocery operation that can use it.
Key Highlights
- Approximately 38,000 square feet built in 2000
- Available spaces of approximately 1000sqft, 1430sqft, and 3050 sqft
- 3050 sqft space includes freezers and coolers offered AS IS
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$542,385
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,847,700
$10.8M
Cap Rate 7%
$7,748,357
$7.7M
Cap Rate 9%
$6,026,500
$6.0M
Market Conditions
NOI Build-Up for 38,000 SF
Gross rent
$820.8K $21.60/SF
− Vacancy
−$46.0K −$1.21/SF
EGI
$774.8K $20.39/SF
− OpEx
−$232.5K −$6.12/SF
NOI
$542.4K $14.27/SF
Area
Middlesex County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,847,700
Cap Rate 7%
$7,748,357
Cap Rate 9%
$6,026,500
Alternative Uses
Best Use
Retail
$7.75M
$6.78M – $9.04M
NOI $542,385 @ 7.0% cap · market cap 1,937,089.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.92M
$8.68M – $11.58M
NOI $694,579 @ 7.0% cap · market cap 2,480,639.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
120
Businesses Nearby
Explore this area
Business Placement
Demographics for 07747, NJ
31,915
Population
13,134
Households
2.4
Avg Household Size
43
Median Age
51%
College-Educated
96%
High-School Grad
12.8 sq mi
ZIP Area
2,493
Density / Sq Mi
$124,896
Median Household Income
$61,503
Median Earnings
$1,840
Median Rent
$464,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Strip mall - Multiple retail suites offer immediate occupancy, including an open layout with a restroom and a larger space with cooling equipment.
Where is this strip mall located?
The property is located at 343 Matawan Rd Old Bridge, NJ.
What are key features of this property?
This property features: Approximately 38,000 square feet built in 2000; Available spaces of approximately 1000sqft, 1430sqft, and 3050 sqft; 3050 sqft space includes freezers and coolers offered AS IS
