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Property profile & analytics
OFF-MARKET
Commercial real estate

564 Morristown Rd Matawan, NJ 07747

5.81 ac lot
Property ID
US59-1092381
Property summary
AI-generated overview

This exceptional 5.81-acre commercial and industrial land parcel presents a compelling investment opportunity in Matawan, New Jersey. Located at 564 Morristown Road, the property boasts an advantageous OG1 zoning designation within an Economic Development Opportunity District, offering significant development potential. The expansive lot size allows for the construction of a substantial building, up to 78,000 square feet, making it suitable for a diverse range of uses including flex-space warehouse, office space, or retail establishments. Its prime location provides unparalleled accessibility, situated mere seconds from Route 34, a short 18-minute drive from the bus station, a convenient 5-minute drive from the train station, and within a 37-minute commute of Newark Airport. The property's Assessed Parcel Number (APN) is 15 03230-0000-00042. This offering is priced at $2,500,000. Prospective buyers are advised to conduct their own due diligence to verify all information and assess the suitability of the property for their intended use. The property is situated in Middlesex County, New Jersey, with a zip code of 07747. The coordinates are 40.4252928 latitude and -74.2695169 longitude.

Property profile
Verified
Property type Commercial real estate
Lot 5.81 ac (253,084 SF)
APN 15 03230-0000-00042
UPID US59-1092381
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
Current use
Occupant on record · Public records
  • Water Damage Wizards Hardware & Home Improvement Construction Company
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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