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    260 State Route 34 Matawan, NJ 07747

    Sponsored
    For Sale
    $735,000

    1,100 SF Commercial Land, $735,000

    Property size:
    1,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,100 square foot commercial land parcel, located at 260 State Route 34 in Matawan, New Jersey (zip code 07747), presents a unique investment opportunity. The property, built in 1985 and situated on a two-story building, is currently improved with a renovated structure featuring four occupied units. Each unit boasts oversized offices, spacious reception areas, and dedicated bathrooms, catering to a variety of professional uses. The current tenants include doctor's offices and a construction office, demonstrating the property's suitability for a range of businesses. Ample parking is available on-site, providing convenience for both tenants and clients. This prime commercial land offers significant potential for future development or continued income generation from the existing tenants. The asking price for this property is $735,000. The property's location in Matawan, Monmouth County, NJ, provides easy access to major transportation routes and a thriving business community. This is an excellent opportunity to acquire a well-located and income-producing commercial property in a desirable New Jersey market. The property is zoned for commercial use.

    Property Features for 260 State Route 34

    General Information

    Property type
    Land
    Square Feet
    1,100 SF

    Building Details

    Year Built
    1985
    Stories
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Matawan
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.2793003
    Latitude
    40.4248597

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    FAQs

    What type of property is this?
    Land - 1,100 SF Commercial Land, $735,000
    Where is this land located?
    The property is located at 260 State Route 34 Matawan, NJ.
    What is the asking price?
    The asking price for this property is $735,000.
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    260 State Route 34 Matawan, NJ 07747
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    Matawan, NJ 07747
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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
    260 State Route 34 Matawan, NJ 07747
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