Storefront
For Sale
$429,000
359 State Route 34, Matawan, NJ 07747
Commercial space along State Route 34, surrounded by residential neighborhoods and suited to office, retail, or service-based use.
Property Size1,116 SF
Price / SF$384.41
Days on Market233
Property Features for 359 State Route 34
General Information
Standard status
Active
Size
1,116 SF
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$10,742
Listing Agency:
KELLER WILLIAMS CITY LIFE
(201) 659-8600
Listed By:
JOSE R. SANCHEZ · License #1536927
(732) 416-4688
Source:
Exprealty
Added: Mar 19
Changed: Oct 25
Last Checked: Nov 4 at 2:32PM
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 KELLER WILLIAMS CITY LIFE
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,116-square-foot storefront property in Matawan offers commercial space suited to office, retail, or service-based business use. The property is positioned as a flexible option for establishing or expanding a business, with the specific layout and improvements not described in the available information.
The space is located at 359 State Route 34 and is surrounded by residential neighborhoods. Its Route 34 location provides access for local customers and commuters, supporting a range of customer-facing commercial uses.
The space is located at 359 State Route 34 and is surrounded by residential neighborhoods. Its Route 34 location provides access for local customers and commuters, supporting a range of customer-facing commercial uses.
Key Highlights
- 1,116‑square‑foot storefront property
- Located at 359 State Route 34 in Matawan, NJ
- Surrounded by residential neighborhoods
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,075
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,500
$341.5K
Cap Rate 7%
$243,929
$243.9K
Cap Rate 9%
$189,722
$189.7K
Market Conditions
NOI Build-Up for 1,116 SF
Gross rent
$33.5K $30.00/SF
− Vacancy
−$10.7K −$9.60/SF
EGI
$22.8K $20.40/SF
− OpEx
−$5.7K −$5.10/SF
NOI
$17.1K $15.30/SF
Area
Monmouth County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,500
Cap Rate 7%
$243,929
Cap Rate 9%
$189,722
Alternative Uses
Best Use
Office B
$243.9K
$213.4K – $284.6K
NOI $17,075 @ 7.0% cap · market cap 3.98%
Second Best
Retail
$227.6K
$199.1K – $265.5K
NOI $15,929 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$291.4K
$255.0K – $340.0K
NOI $20,399 @ 7.0% cap · market cap 4.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
Under-served
Demand for This Use
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
$464,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Monmouth County, NJ
Properties on Market for Storefront properties in Monmouth County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial space along State Route 34, surrounded by residential neighborhoods and suited to office, retail, or service-based use.
Where is this storefront property located?
The property is located at 359 State Route 34 Matawan, NJ.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: 1,116‑square‑foot storefront property; Located at 359 State Route 34 in Matawan, NJ; Surrounded by residential neighborhoods
