Shopping Center with Grocery
343 Matawan Road, Old Bridge, NJ 07747
For Sale
Contact for pricing
Commercial Sale, Old Bridge, NJ
Property Size38,000 SF
Lot Size6.56 Acres
Price / SF$0.00
Days on Market294
Property Features for 343 Matawan Road
General Information
Property type
Property subtype
Zoning
Parking
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Listing Agency:
ON TRACK REALTY
Listed By:
Sanjeev Aneja
(732) 494-2211
Added: Jan 23
Changed: Oct 8
Last Checked: Nov 12 at 9:06AM
MLS# 2610041R
Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 38,000-square-foot shopping center, built in 2000, offers several commercial suites within a 6.56-acre property. Available configurations measure approximately 1000sqft, 1430sqft, and 3050 sqft. The 1430 sqft suite provides an open layout and bathroom, while the 3050 sqft space includes existing freezers and coolers conveyed as-is. Suites are available immediately.
Located at 343 Matawan Road in Old Bridge, the property occupies a corner position near GSP. The site carries CN zoning and is served by public water and public sewer. Building systems include forced-air heating and central air conditioning. The available spaces provide flexible options for retail and food-oriented commercial uses supported by the existing configurations and equipment.
Located at 343 Matawan Road in Old Bridge, the property occupies a corner position near GSP. The site carries CN zoning and is served by public water and public sewer. Building systems include forced-air heating and central air conditioning. The available spaces provide flexible options for retail and food-oriented commercial uses supported by the existing configurations and equipment.
Key Highlights
- 38,000 Square Feet within a 6.56‑acre shopping center
- Available suite sizes: approx 1000sqft, 1430sqft and 3050 sqft
- 3050 sqft space includes freezers and coolers conveyed 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
Specialty Retail
$8.30M
$7.26M – $9.69M
NOI $581,126 @ 7.0% cap
Second Best
Retail
$7.75M
$6.78M – $9.04M
NOI $542,385 @ 7.0% cap
Theoretical Best
Office A
$9.92M
$8.68M – $11.58M
NOI $694,579 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
332
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Marketplace 2 — 419 NJ-34, Matawan, NJ 07747
- Town Square Shopping Center — 345 Matawan Rd #A, Matawan, NJ 07747
Frequently Asked Questions
What type of property is this?
Shopping center - CN-zoned strip center offers multiple suite configurations, including space with existing freezers and coolers.
Where is this shopping center located?
The property is located at 343 Matawan Road Old Bridge, NJ.
What are key features of this property?
This property features: 38,000 Square Feet within a 6.56‑acre shopping center; Available suite sizes: approx 1000sqft, 1430sqft and 3050 sqft; 3050 sqft space includes freezers and coolers conveyed AS IS
