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    405 Main St Manalapan Township, NJ 07726

    Sponsored
    For Sale
    $2,495,000

    Approved Self-Storage Facility, 75,000 SF

    Property size:
    7 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6.6-acre property at 405 Main Street, Manalapan Township, NJ 07726, presents a lucrative investment opportunity. Fully approved plans exist for a 75,000 square foot self-storage facility, comprising two three-story buildings with interconnected drive aisles and a common parking area. The site boasts a prime location at a busy intersection of Tennet Road and Main Street, ensuring high visibility and traffic. All necessary approvals are in place, including city, county, DEP, and state permits, making this a shovel-ready project. The design includes ADA accessibility and one EV parking space. The existing approvals allow for a self-storage facility and a warehouse in the second building, but the property's zoning allows for flexibility, potentially accommodating warehousing, distribution, or manufacturing uses (subject to any necessary zoning or planning use changes by the buyer). Built in 1900, this two-story structure offers significant potential for redevelopment. The asking price is $2,495,000, and up to 90% SBA financing may be available for qualified buyers. This is a rare chance to acquire a fully permitted site in a high-traffic area with multiple development options. The property consists of one unit within a 7 square foot building.

    Property Features for 405 Main St

    General Information

    Property type
    Distribution properties
    Square Feet
    7 SF

    Building Details

    Year Built
    1900
    Stories
    2
    Units
    1

    HighLights

    • $2,495,000 asking price for a 75,000 SF self‑storage facility.
    • Located on a 6.6‑acre lot at a busy intersection in Manalapan Township, NJ.
    • Fully approved site plan with city, county, DEP, and state approvals.
    • Two three‑story buildings with interconnected drive aisles and common parking, including ADA accessibility and one EV parking space.
    • Potential for alternative uses including warehousing, distribution, or manufacturing (buyer responsible for zoning changes).
    • Up to 90% SBA financing may be available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Manalapan Township
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.3334413
    Latitude
    40.2806333

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    • New
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    FAQs

    What type of property is this?
    Distribution property - Approved Self-Storage Facility, 75,000 SF
    Where is this distribution property located?
    The property is located at 405 Main St Manalapan Township, NJ.
    What is the asking price?
    The asking price for this property is $2,495,000.
    What are key features of this property?
    This property features: $2,495,000 asking price for a 75,000 SF self-storage facility.; Located on a 6.6-acre lot at a busy intersection in Manalapan Township, NJ.; Fully approved site plan with city, county, DEP, and state approvals.
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    405 Main St Manalapan Township, NJ 07726
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    Manalapan Township, NJ 07726
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    405 Main St Manalapan Township, NJ 07726
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