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    419 Rte 34 Matawan, NJ 07747

    Sponsored
    For Lease
    $13 SF/Yr

    High-visibility retail spaces available.

    Lot size:
    50,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity is located at 419 Route 34 in Matawan, New Jersey, within the Market Place II shopping center. The property boasts a total of 50,000 square feet, with 6,000 square feet currently available for lease. Space sizes range from 1,950 square feet to 10,200 square feet, offering flexibility for various retail or restaurant concepts. The building was constructed in 1980 and is situated in Monmouth County, offering convenient access and high visibility from Route 34. A significant advantage is the ample parking available for customers and employees. The property's former tenant was Harmon Stores, occupying 6,000 square feet, which is now available as a single large space or potentially divisible. A pad site is also available, presenting an additional opportunity for development. This location in Matawan, NJ (zip code 07747) provides excellent access to a thriving community and significant traffic volume. The property's prime location and ample space make it an ideal investment for businesses seeking high visibility and convenient access for their customers. Contact us today to learn more about this exceptional retail opportunity.

    Property Features for 419 Rte 34

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    50,000 SF
    Total Rate
    55541.67

    Building Details

    Year Built
    1980

    Unit(s) available at that property

    Space
    Former Santiago Sports
    Size
    1,950 SF
    Rate per SF
    $20
    Space
    Former Bury the Hatchet
    Size
    6,300 SF
    Rate per SF
    $20
    Space
    Retro Fitness
    Size
    10,200 SF
    Rate per SF
    $20
    Space
    Pad
    Size
    9,000 SF
    Rate per SF
    $13
    Space
    Former Gurlie Lochs
    Size
    2,850 SF
    Rate per SF
    $20

    HighLights

    • High‑traffic retail center directly on Route 34.
    • Strong tenant mix including Bury the Hatchet, Retro Fitness, and Carter's.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Matawan
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.2640577
    Latitude
    40.4237313

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    FAQs

    What type of property is this?
    Restaurant - High-visibility retail spaces available.
    Where is this restaurant located?
    The property is located at 419 Rte 34 Matawan, NJ.
    What is the lease rate?
    The lease rate is $13-$20 SF/Yr.
    What are key features of this property?
    This property features: High-traffic retail center directly on Route 34.; Strong tenant mix including Bury the Hatchet, Retro Fitness, and Carter's.;
    Request Owner's contact information
    419 Rte 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

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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
    419 Rte 34 Matawan, NJ 07747
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