Property profile

986 Nj-34 Matawan, NJ 07747

OFF-MARKET
Retail properties & Spaces
1 SF 1.78 ac lot
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Property summary

AI-generated overview

This exceptional retail opportunity in Matawan, New Jersey, presents a unique investment prospect. Located at 986 Route 34, the property boasts a sizable 1.78-acre lot. While the existing building currently measures 595 square feet, the expansive lot offers significant potential for redevelopment or expansion. The property's address is 986 NJ-34, Matawan, NJ 07747, situated in Monmouth County. Its convenient location along Route 34 provides excellent visibility and accessibility for potential businesses. The property is currently being offered for sale. A key advantage is that the owner is actively addressing the removal of former gas tanks, streamlining the acquisition process for prospective buyers. This presents a chance to acquire a strategically located property with considerable upside, ideal for entrepreneurs seeking a high-traffic location or developers envisioning a larger-scale project. The property's latitude and longitude coordinates are 40.4050124 and -74.2325479 respectively. This is a rare opportunity to secure a retail space in a desirable New Jersey location. The existing building's small size should not detract from the significant potential of the land itself.

Property profile

Verified
Property type Retail properties & Spaces
Total area 1 SF
Lot 1.78 ac (77,537 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

986 Nj-34 Matawan, NJ 07747
Matawan metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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