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Property profile & analytics
OFF-MARKET
Commercial real estate

59 Ave At The Cmn Shrewsbury, NJ 07702

3,500 SF 0.08 ac lot Built 1984
Property ID
Property summary
AI-generated overview

This exceptional 3,500 square foot commercial office space is perfectly situated in Shrewsbury, New Jersey, offering unparalleled access to Route 35 via a direct signalized entrance. The property comprises two adjacent, first-floor units totaling 3,500 square feet, providing ample space for a variety of business needs. The interior features nine private offices, a large reception area ideal for client interaction, a dedicated conference room for meetings and presentations, and a convenient kitchen. Rear entry access is available, adding to the property's functionality. A dry basement offers secure locked storage, providing additional space for archiving or inventory. The abundant natural light throughout the space creates a bright and welcoming atmosphere. This well-maintained building is part of a larger complex. The property's strategic location is a significant advantage, being less than half a mile from the main gate of the Fort Monmouth Redevelopment Project. This project includes the highly anticipated Netflix production facility, poised to become one of the world's largest film studios, along with substantial mixed-use residential and entertainment developments currently under construction. This prime location offers excellent visibility and proximity to a growing and dynamic area, making this an exceptional investment opportunity. The property sits on a 0.08-acre lot. The asking price is $834,900.

Property profile
Verified
Property type Commercial real estate
Year built 1984
Total area 3,500 SF
Lot 0.08 ac (3,485 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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