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Property profile

78 Freneau Ave Matawan, NJ 07747

OFF-MARKET
Commercial real estate
Property ID
US59-0119794
View Sample
2,709 SF 0.17 ac lot Built 1945
Entity Owned ~ Est. High Equity

Property summary

AI-generated overview

This exceptional mixed-use property, located at 78 Freneau Avenue Unit 78 in Matawan, NJ, presents a unique investment opportunity. The building boasts a total of 2,709 square feet situated on a 0.17-acre corner lot, ensuring high visibility and accessibility. The ground floor offers approximately 2,000 square feet of versatile commercial space, previously occupied by a liquor store. While the liquor license is under separate contract, the space is ideal for a variety of retail or office uses. The asking price for the entire property is $699,000. Alternatively, the retail space is available for lease at $3,600 per month. Adding to the property's appeal is a convenient second-floor residential apartment featuring two bedrooms, providing additional income potential or owner-occupancy flexibility. Ample parking is available on-site, a significant advantage in this high-traffic location. The property's central location on a busy main road guarantees excellent exposure for any business. This is a rare opportunity to acquire a well-situated mixed-use building with significant upside potential in a thriving New Jersey community. The combination of commercial and residential space makes this an attractive investment for both business owners and real estate investors seeking a strong return.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1945
Construction FRAME
Total area 2,709 SF
Lot 0.17 ac (7,488 SF)
Zoning code SB
APN 31 00119-0000-00046
UPID US59-0119794

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Wine and Liquor Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k

Owner & transaction history

since 2026
4 recorded transactions
2026
$600,000
2026
Price N/A
2007
$550,000
2006
Price N/A

Zoning & alternative use

SB · Matawan, NJ
Zoning description

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 S…

General category INDUSTRIAL

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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