Property summary
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
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
SB · Matawan, NJ34-64 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for SB in Matawan, NJ.
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