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 Market141
Property Features for 359 State Route 34
General Information
Standard status
Active
Size
1,116 SF
Additional Details
Road Access
Yes
Listing Agency:
KELLER WILLIAMS CITY LIFE
(201) 659-8600
Listed By:
JOSE R. SANCHEZ · License #1536927
Source:
Exprealty
Added: Mar 19
Changed: Jul 31
Last Checked: Jul 31 at 10:49AM
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
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.5k | $30.00 |
| − Vacancy | −$10.7k | −$9.60 |
| EGI | $22.8k | $20.40 |
| − OpEx | −$5.7k | −$5.10 |
| NOI | $17.1k | $15.30 |
1,116 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
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.
Property 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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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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
