Commercial Retail and Office
432 State Route 34 Matawan, NJ 07747
For Sale
$500,000
COMMERCIAL - Matawan, NJ
Property Size2,154 SF
Price / SF$232.13
Days on Market207
Property Features for 432 State Route 34
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Standard status
Active
APN
15-11232-0000-00013-12-C1222
Size
2,154 SF
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2299
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
2004
Floors in Building
2
Building materials
Brick
Roof type
Asphalt, Shingle
Listing Agency:
Keller Williams Shore Properties
(732) 797-9001
Listed By:
Timothy Scherer
(732) 797-9001
Added: Jan 2
Changed: Jun 12
Last Checked: Jul 28 at 8:06AM
MLS# 22600172
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 for-sale unit, identified as Unit #5A, offers a spacious layout totaling 2,154 square feet. The space is configured as a blank canvas, suitable for a range of professional office uses or retail build-out plans, with zoning supporting Commercial or Retail use. A management fee of $240 per month is indicated for the property.
The unit is located at 432 State Route 34 in Matawan, NJ and is described as being in a high-traffic location. Parking is a key feature, with approximately 125 shared parking spaces available for customers, staff, and visitors.
For tenants, buyers, or operators seeking flexibility, this unit can fit general office operations as well as service-oriented professional uses such as medical, legal, or financial functions, based on the stated suitability. For retail uses, the current open character supports customization to match a specific concept, while shared parking and the high-traffic location help support everyday customer access.
The unit is located at 432 State Route 34 in Matawan, NJ and is described as being in a high-traffic location. Parking is a key feature, with approximately 125 shared parking spaces available for customers, staff, and visitors.
For tenants, buyers, or operators seeking flexibility, this unit can fit general office operations as well as service-oriented professional uses such as medical, legal, or financial functions, based on the stated suitability. For retail uses, the current open character supports customization to match a specific concept, while shared parking and the high-traffic location help support everyday customer access.
Key Highlights
- High traffic location ideal for medical, legal, financial, or general office use.
- Zoned for Commercial or Retail use.
- Ample shared parking with approximately 125 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 | $64.6k | $30.00 |
| − Vacancy | −$20.7k | −$9.60 |
| EGI | $43.9k | $20.40 |
| − OpEx | −$11.0k | −$5.10 |
| NOI | $33.0k | $15.30 |
2,154 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$470.8K
$412.0K – $549.3K
NOI $32,956 @ 7.0% cap · market cap 6.59%
Second Best
Retail
$439.2K
$384.3K – $512.4K
NOI $30,745 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$562.5K
$492.2K – $656.2K
NOI $39,372 @ 7.0% cap · market cap 7.87%
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 - Flexible commercial unit with substantial shared parking in a high-traffic setting, suitable for professional or retail use.
Where is this office units located?
The property is located at 432 State Route 34 Matawan, NJ.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: High traffic location ideal for medical, legal, financial, or general office use.; Zoned for Commercial or Retail use.; Ample shared parking with approximately 125 spots.
