303 Main St, Freehold, NJ 07728-4832
- Office buildings
- 61,152 SF
- 4.89 lot acres
Current Use by Public Records
- Office buildings
Property Details for 303 Main St
- Year built
- 1971
- Lot size
- 4.89 lot acres
- Zone code
- CM-2
- Property type
- Office buildings
- APN
- 17 00069- 05-00036- 01
- APU
- 1700069050003601
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 10, 2016 | — | Magellan Nyc West Main LLC | — | Deed · related | $6.6M · Td Bk NA |
| Mar 2, 2016 | $9,150,000 | Magella Nyc West Main LLC | Medical Freehold LLC | Grant Deed | — |
| Jun 5, 2003 | $500,000 | 65 Gibson Place & 303 W Main A | Sheriff County Of Monmouth | Trustees Deed | — |
| — | — | Freehold Office Park Ltd Etal | — | Deed Of Trust · related | $3.5M · Mercury Cap Svcs |
| — | — | Magellan Nyc West Main LLC | — | Deed Of Trust · related | $6.6M · Td Bk NA |
Description
303 W. Main Street in Freehold, Monmouth County, offers exceptional Class A office space in a four-story building totaling 61,312 square feet. Built in 1975 and extensively renovated in 2007, this property boasts a desirable location at the intersection of Routes 9 & 33, providing convenient access to CentraState Medical Center, the Monmouth County Courthouse, and downtown Freehold Borough. The building features ample parking with 200 spaces and elevators for easy access to all four floors. Multiple tenancy options are available, with a minimum divisible space of 1,685 square feet and a maximum contiguous space of 6,299 square feet. Currently, 9,761 square feet of space is vacant, offering immediate occupancy opportunities. The building is suitable for a variety of office uses, including executive, medical, and creative office spaces. This property presents a unique opportunity to establish a presence in a thriving and accessible location within Monmouth County. The building's Class A designation reflects its high-quality construction, modern amenities, and prime location. Interested parties are encouraged to inquire about available suite sizes and lease terms.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $8,731,000
- AI Estimate
- $8,196,000
Market price range: $8.73M - $12.8MMarket price range: $8.20M - $14.6M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $11,065,000 Current use
- INDUSTRIAL (GENERAL)
- $12,605,000 Change: +14% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $12,480,000 Change: +13% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Freehold
- County
- Monmouth
- State
- New Jersey
- Longitude
- -74.2977
- Latitude
- 40.2457
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
