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Property profile & analytics
OFF-MARKET Estimated value $2,255,000
Commercial real estate

60 Main St Matawan, NJ 07747-2612

6,360 SF 1.06 ac lot Built 1921
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US59-1712499
Property summary
AI-generated overview

This exceptional 6,800 square foot retail space, located in the Matawan Train Station/Main Street submarket, presents a unique investment opportunity. Situated in a two-story, 13,600 square foot building on two acres of land, this single-tenant space offers a versatile open floor plan ideal for restaurants, breweries, fitness studios, or similar ventures. Currently housing artist studios, the space features a large roll-up door for convenient access and delivery. Its prime location is less than a quarter mile from both the NJ Transit and Matawan Transit Station Redevelopment Area, ensuring high visibility and accessibility. The property benefits from recently signed leases for a high-end wine and spirits store and a cannabis dispensary in street-front spaces, anticipated to significantly increase foot traffic. The property offers ample parking with 42 spaces and is zoned for General Business, providing flexibility for a variety of uses. This is a rare chance to establish a business in a high-traffic area with excellent visibility and convenient access for customers. The building itself offers 13,600 square feet total, with 6,800 square feet currently vacant.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1921
Construction BRICK
Total area 6,360 SF
Lot 1.06 ac (46,174 SF)
Zoning code GB
APN 31 00006-0000-00003
UPID US59-1712499
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
  • Richmond Enterprises Car Dealership
  • Matawan Wine & Spirit (Bike/Boat/Book/etc) Store Wine and Liquor Store
  • Patsy's Car Service Car Rental Facility
  • Matawan Sewage Disposal City Government Office
  • Jonathan Ron Liquors Specialty Food Shop Supermarket
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.18M
CAP Approach CAP
$1.32M
Comparable Approach Comparable
$2.40M
Blend (final) Blend
$2.26M
Owner & transaction history
Rexmonte Main Street LLC · 3 yrs held
Rexmonte Main Street LLC
since 2022
Last sale
$2.2M
7 recorded transactions
2022
$2.2M
2022
$1,000
2016
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
GB · Matawan, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

. § 34-63 R-75 RESIDENTIAL DISTRICT. § 34-64 R-50 I RESIDENTIAL DISTRICT. § 34-65 R-M MULTIFAMILY RESIDENTIAL DISTRICT. § 34-65A R-C RESIDENTIAL MULTIFAMILY DISTRICT. § 34-66 SENIOR CITIZEN RESIDENTIAL DISTRICT. § 34-67 GB GENERAL BUSINESS DISTRICT. § 34-68 SB SPECIAL BUSINESS DISTRICT. § 34-69 DPD DOWNTOWN PRESERVATION DISTRICT. § 34-69A 160 MAIN MIXED-USE…

Zone name General Business
General category COMMERCIAL
Zone area 71.41 ac
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