Equipped Restaurant Property For
For Sale
$150,000
759 State Route 34, Matawan, NJ 07747
Stand-alone restaurant property with newer appliances and outdoor seating.
Property Size783 SF
Price / SF$191.57
Days on Market231
Property Features for 759 State Route 34
General Information
Standard status
Active
Size
783 SF
Listing Agency:
RE/MAX Central
Listed By:
Yelena Shpringer
(732) 972-1000
Source:
Thebansalteam
Added: Mar 5
Changed: Oct 16
Last Checked: Oct 7 at 2:57PM
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 RE/MAX Central
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Investment Insights
Based on property information with market context.
This stand-alone property is equipped for a baking, cafe, or restaurant-related business. The 783 square-foot space features a spacious front main room, a kitchen, and a full bathroom. Outdoor seating is available, and the property includes 20 parking spots. The location offers curb appeal for a new business.
Key Highlights
- Fully equipped for baking/cafe/restaurant business with newer appliances.
- Stand‑alone property with great curb appeal.
- Spacious front main room and kitchen.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,974
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$239,480
$239.5K
Cap Rate 7%
$171,057
$171.1K
Cap Rate 9%
$133,044
$133.0K
Market Conditions
NOI Build-Up for 783 SF
Gross rent
$16.9K $21.60/SF
− Vacancy
−$947 −$1.21/SF
EGI
$16.0K $20.39/SF
− OpEx
−$4.0K −$5.10/SF
NOI
$12.0K $15.29/SF
Area
Monmouth County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$239,480
Cap Rate 7%
$171,057
Cap Rate 9%
$133,044
Alternative Uses
Best Use
Specialty Retail
$171.1K
$149.7K – $199.6K
NOI $11,974 @ 7.0% cap · market cap 7.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$204.5K
$178.9K – $238.5K
NOI $14,312 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
274
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Restaurant - Stand-alone restaurant property with newer appliances and outdoor seating.
Where is this restaurant located?
The property is located at 759 State Route 34 Matawan, NJ.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Fully equipped for baking/cafe/restaurant business with newer appliances.; Stand‑alone property with great curb appeal.; Spacious front main room and kitchen.
