392 Hwy 34 Matawan, NJ 07747
- Retail properties
- 7,901 SF
- 1.10 lot acres
Current Use by Public Records
- Retail properties
Property Details for 392 Hwy 34
- Lot size
- 1.10 lot acres
- Property size
- 7,901 SF
- Property type
- Retail properties
Description
This exceptional 7,901 square foot retail property, situated on a 1.1-acre lot at 392 Highway 34, Unit 392 in Matawan, NJ, presents a compelling investment opportunity. Currently occupied by a restaurant under a single-net lease, this prime location offers significant upside potential. The existing structure provides immediate income generation, while the expansive lot allows for considerable expansion. A proposed plan outlines the addition of a strip mall adjacent to the existing restaurant, significantly increasing the property's value and rental income. This development opportunity is particularly attractive given the property's location on a busy highway, ensuring high visibility and accessibility. The substantial lot size offers flexibility for various commercial ventures, catering to a wide range of businesses. This is an ideal investment for those seeking a strong return in a thriving commercial area. The property's current lease provides a stable income stream while the development potential offers significant long-term growth prospects. The strategic location on Highway 34 guarantees high traffic volume and exposure, making it an attractive proposition for both established and emerging businesses. This is a rare opportunity to acquire a substantial commercial property with immediate income and significant future development potential in a rapidly growing market. Serious inquiries are encouraged to explore the full potential of this exceptional investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Matawan
- County
- Middlesex
- State
- New Jersey
- Longitude
- -74.2685
- Latitude
- 40.4231
