78 Freneau Ave Matawan, NJ 07747-3382

Property Details for 78 Freneau Ave

Year built

1945

Construction

FRAME

Lot size

0.17 lot acres

Property size

2,709 SF

Zone code

SB

Property type

Commercial real estate

APN

31 00119-0000-00046

APU

3100119000000046

Description

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.