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    986 Nj-34 Matawan, NJ 07747

    For Sale
    Contact for pricing

    Prime Retail Space, 1.78 Acres

    Property size:
    1 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional retail opportunity in Matawan, New Jersey, presents a unique investment prospect. Located at 986 Route 34, the property boasts a sizable 1.78-acre lot. While the existing building currently measures 595 square feet, the expansive lot offers significant potential for redevelopment or expansion. The property's address is 986 NJ-34, Matawan, NJ 07747, situated in Monmouth County. Its convenient location along Route 34 provides excellent visibility and accessibility for potential businesses. The property is currently being offered for sale. A key advantage is that the owner is actively addressing the removal of former gas tanks, streamlining the acquisition process for prospective buyers. This presents a chance to acquire a strategically located property with considerable upside, ideal for entrepreneurs seeking a high-traffic location or developers envisioning a larger-scale project. The property's latitude and longitude coordinates are 40.4050124 and -74.2325479 respectively. This is a rare opportunity to secure a retail space in a desirable New Jersey location. The existing building's small size should not detract from the significant potential of the land itself.

    Property Features for 986 Nj-34

    General Information

    Property type
    Retail properties
    Square Feet
    1 SF
    Lot Size
    77,537 SF

    HighLights

    • 595 SF existing building.
    • Owner is removing former gas tanks.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Matawan
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.2325479
    Latitude
    40.4050124

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Space, 1.78 Acres
    Where is this retail property located?
    The property is located at 986 Nj-34 Matawan, NJ.
    What are key features of this property?
    This property features: 595 SF existing building.; Owner is removing former gas tanks.;
    (908) 668-9600
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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
    986 Nj-34 Matawan, NJ 07747
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