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2000 Hwy 34 3,456 SF Retail Building Wall Township, NJ 07719 $2,100,000 ($607.64/SF)



Investment Highlights
- right on the round about for Hwy 34
Executive Summary
There’s tree structures on this 1 acre commercial property. The first faces Highway 34 and is a single story garage with space allocated for office and full bathroom.
Garage 27’ x 24’ 648 ft.²
Office 12’-6” x 24’ 300 ft.²
Total 948 ft.²
The second faces Allaire Road Road and is a three-story structure with space for multiple offices and two bathrooms.
1st floor 29’ x 29’ 841 ft.²
2nd floor 29’ x 29’ 841 ft.²
3rd floor 17’-6” x 29’ 507 ft.²
Total 2189 ft.²
The third is a fully finished, standalone office with heat and electric
Detached office 10’ x 10’ 100 ft.²
Total square footage for all three structures
3,237 ft.²
The two main buildings were connected with a small addition and were also in the process of seeking a variance for you change of use and under renovation to convert into a showroom and office building. Renovations and approvals were put on hold due to us growing out of the space. The current conditions of the property are as follows.:
- [ ] Phase 1 and phase 2 complete with no issues
- [ ] Clean title
- [ ] Cleanup of property
- [ ] Full demolition of entire interior
- [ ] Completely clearing property of all trees
- [ ] Variance approvals
- [ ] Brand new windows and doors
- [ ] New standing seam metal roof on three story
- [ ] New commercial rubber roof on garage
- [ ] All rough HVAC were complete
- [ ] All rough plumbing work complete
- [ ] All structural work and framing complete
- [ ] New Glass Garage Doors
- [ ] New stair staircase
- [ ] New 3 level deck with composite decking and aluminum railings
Traffic passing in front of Building
Daily average: ~30,000–50,000 vehicles/day
• Weekly average: ~210,000–350,000 vehicles/week
• Yearly total: ~10,950,000–18,250,000 vehicles/year
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- -
- 2,000 SF
- -
- -
Penske Corporation is a privately held transportation services company headquartered in Bloomfield Hills, Michigan. Founded in 1969, the organization has grown into a multibillion-dollar enterprise operating across retail automotive, truck leasing, logistics, and professional motorsports. Penske Corporation oversees a broad portfolio of subsidiaries, including Penske Truck Leasing, Penske Logistics, Penske Automotive Group, and Penske Entertainment, which operates the Indianapolis Motor Speedway and the IndyCar Series. The company manages operations in more than 3,300 locations worldwide and employs over 73,000 people. Its business lines encompass commercial vehicle leasing and rental, supply chain and transportation management, and extensive automotive retailing through domestic and international dealership networks. Under long-standing family leadership, Penske Corporation remains privately held and continues to expand its influence in global mobility and motorsports.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
- | 2,000 SF | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 52-00805-0000-00093 | Improvements Assessment | $184,600 |
| Land Assessment | $246,600 | Total Assessment | $431,200 |
Property Taxes
Presented by
Finished Basements
2000 Hwy 34
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