Current Use by Public Records
- Office Spaces
Property Details for 59 Ave At The Cmns
- Year built
- 1984
- Property type
- Office Spaces
Description
Exceptional opportunity to acquire a meticulously maintained 3,500 square foot office condominium located in the highly sought-after Shrewsbury, New Jersey market. This property, situated at 59 Ave at the Cmns, 07702, offers a blend of functionality and prime location. The space comprises two expansive, interconnected first-floor units, featuring nine private offices, a sizable reception area, a dedicated conference room, and a well-equipped kitchen with convenient rear entry access. A dry basement provides secure storage. Built in 1984 and extensively renovated in 2019, the building boasts abundant natural light throughout, an elevator, new siding, and a newly installed front entrance porch. This office condo is part of a professionally managed building in a thriving professional community. Its strategic location provides direct access to Route 35, and is less than half a mile from the main gate of the Fort Monmouth Redevelopment Project, including the future Netflix production facility. The property benefits from easy access to major transportation arteries, including the Garden State Parkway, Route 18, and the NJ Transit North Jersey Coast Line. Priced below assessed value, this presents a compelling investment opportunity for owner-occupied use or as a rental property. This is a rare chance to own commercial real estate in a rapidly expanding area surrounded by other professional office condominiums. The property is organized as an LLC.
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
- Shrewsbury
- County
- Monmouth
- State
- New Jersey
- Longitude
- -74.0588
- Latitude
- 40.3168
