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Property profile & analytics
OFF-MARKET
Office Spaces

59 Ave At The Cmns Shrewsbury, NJ 07702

3,500 SF Built 1984
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Year built 1984
Total area 3,500 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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