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    OFF-MARKET
    Office Spaces

    2388 Rte 34, Manasquan, NJ 08736

    7,402 SF 1.2 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 7,402 square foot commercial property, located at 2388 Route 34 N in Manasquan, New Jersey, presents a unique investment opportunity. The single-story building, situated on a 1.2-acre lot in the OB-20 Zone, boasts 43 parking spaces and benefits from a high-traffic location at a traffic light controlled intersection providing dual access to Route 34 North and South. The 2017 traffic count was 37,524 vehicles per day. The building plan has already received Planning Board approval for a medical/office building, offering flexibility for either a single user or two tenants. The design includes a basement for ample storage. While the approved square footage is 7,402 square feet, there's potential to expand by up to an additional 3,502 square feet, further enhancing the property's value. The property is located in an area with strong demographics, making it an attractive location for various businesses. The 2023 property taxes were $9,792. This is a prime opportunity to acquire a ready-to-develop or immediately occupy commercial property in a high-demand location. The asking price is $695,000.

    Property profile
    Verified
    Property type Office Spaces
    Total area 7,402 SF
    Lot 1.2 ac (52,272 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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