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    2345 New Jersey 34 Manasquan, NJ 08736

    Sponsored
    For Sale
    $1,400,000

    Prime Medical Office, 17,640 SF, NJ

    Property size:
    17,640 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a meticulously planned medical office building site in Wall Township, Monmouth County, New Jersey. Located at 2345 New Jersey 34, this 2.76-acre property boasts Planning Board approval for a two-story, ±17,640 square foot medical office building, with ±8,820 square feet per floor. A one-story, ±8,820 square foot option is also available, providing flexibility for various development scenarios. The property features ample parking with 122 spaces, catering to both patients and staff. An approved elevator ensures accessibility for all. The building design includes ±8,820 square feet of basement storage, adding significant utility. The property is zoned OB-40, reflecting its suitability for medical use. High visibility is ensured by its location on a major thoroughfare with a documented traffic count of 37,524 vehicles per day (2017 data). Detailed site plans and architectural drawings are available for review. The asking price for this turnkey development opportunity is $1,400,000. This property offers a rare combination of approved plans, ample space, convenient location, and significant parking, making it an ideal investment for healthcare providers or developers seeking a high-return opportunity in a thriving New Jersey market. The property's zip code is 08736.

    Property Features for 2345 New Jersey 34

    General Information

    Property type
    Medical offices
    Square Feet
    17,640 SF
    Lot Size
    120,226 SF

    Building Details

    Stories
    2

    HighLights

    • Two‑story building approved, ±17,640 SF total.
    • ±8,820 SF basement storage.
    • Elevator approved.
    • 122‑space parking lot.
    • OB‑40 zoning.
    • 37,524 VPD (2017 traffic count).
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Manasquan
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.089308
    Latitude
    40.132276

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office, 17,640 SF, NJ
    Where is this medical office located?
    The property is located at 2345 New Jersey 34 Manasquan, NJ.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: Two-story building approved, ±17,640 SF total.; ±8,820 SF basement storage.; Elevator approved.
    Request Owner's contact information
    2345 New Jersey 34 Manasquan, NJ 08736
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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

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    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
    2345 New Jersey 34 Manasquan, NJ 08736
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