Office and Retail
432 Highway 34 Matawan, NJ 07747
For Sale
$350,000
COMMERCIAL - Matawan, NJ
Property Size1,535 SF
Price / SF$228.01
Days on Market207
Property Features for 432 Highway 34
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Standard status
Active
APN
15-11232-0000-00013-12-C1218
Size
1,535 SF
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
10306
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
2
Building materials
Brick
Roof type
Shingle, Asphalt
Listing Agency:
Keller Williams Shore Properties
(732) 797-9001
Listed By:
Timothy Scherer
(732) 797-9001
Added: Jan 2
Changed: Jun 10
Last Checked: Jul 28 at 9:06AM
MLS# 22600174
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering is for a sizable commercial unit identified as Unit #3A. The space is described as suitable for a range of professional uses, including medical, legal, financial, and general office operations, and it is zoned for commercial or retail use. A monthly management fee of $180 is noted in the remarks.
The property is located at 432 Highway 34 in Matawan, New Jersey, in a high-traffic location. Ample shared parking is listed as approximately 125 shared parking spots, supporting convenient customer and employee access.
For buyers and tenants seeking a flexible ground-up or office-oriented configuration, Unit #3A offers an established platform for professional service and retail-adjacent uses under the stated commercial or retail zoning. The combination of a high-traffic frontage setting and on-site shared parking may be advantageous for day-to-day operations where visibility and customer access matter.
The property is located at 432 Highway 34 in Matawan, New Jersey, in a high-traffic location. Ample shared parking is listed as approximately 125 shared parking spots, supporting convenient customer and employee access.
For buyers and tenants seeking a flexible ground-up or office-oriented configuration, Unit #3A offers an established platform for professional service and retail-adjacent uses under the stated commercial or retail zoning. The combination of a high-traffic frontage setting and on-site shared parking may be advantageous for day-to-day operations where visibility and customer access matter.
Key Highlights
- High traffic location suitable for medical, legal, financial, or general office operations.
- Zoned for Commercial or Retail use.
- Ample parking with approximately 125 shared spots.
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 | $46.1k | $30.00 |
| − Vacancy | −$14.7k | −$9.60 |
| EGI | $31.3k | $20.40 |
| − OpEx | −$7.8k | −$5.10 |
| NOI | $23.5k | $15.30 |
1,535 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$335.5K
$293.6K – $391.4K
NOI $23,486 @ 7.0% cap · market cap 6.71%
Second Best
Retail
$313.0K
$273.9K – $365.2K
NOI $21,909 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$400.8K
$350.7K – $467.6K
NOI $28,057 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Spacious unit in a high-traffic setting with shared parking and commercial or retail zoning.
Where is this office units located?
The property is located at 432 Highway 34 Matawan, NJ.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: High traffic location suitable for medical, legal, financial, or general office operations.; Zoned for Commercial or Retail use.; Ample parking with approximately 125 shared spots.
