Current Use by Public Records
- Office Spaces
Property Details for 281 Route 79
- Year built
- 1982
- Lot size
- 1.40 lot acres
- Property type
- Office Spaces
Description
This exceptional 9,362 square foot, two-story office building is situated on 1.4 acres in Morganville, New Jersey, at 281 Route 79, zip code 07751. The property, known as "The Officenter," boasts a prime location on a heavily trafficked thoroughfare within Monmouth County's C-2 Neighborhood Commercial District. Built in 1982, the building offers significant value-add potential. Currently configured with extensive common areas, a reception area, and large shared conference rooms on both floors, the property presents an opportunity to reposition spaces and maximize rentable square footage. The asking price is $1,850,000, translating to $197.60 per square foot. The building features a multi-tenant occupancy with month-to-month leases, providing flexibility for a new owner. Ample parking is available with 61 spaces. The first floor encompasses 4,080 square feet, plus an additional 1,202 square feet, while the second floor mirrors the main first floor at 4,080 square feet. This presents a unique opportunity for both owner-occupiers and investors seeking a strong return on investment.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Marlboro
- County
- Monmouth
- State
- New Jersey
- Longitude
- -74.2495
- Latitude
- 40.3575
