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2000 Hwy 34 3,456 SF Retail Building Wall Township, NJ 07719 $1,990,000 ($575.81/SF)
Investment Highlights
- Prime location with exceptional exposure on Highway 34 and Allaire Road, near Garden State Parkway.
- Recent capital improvements including roofing, windows, structural framing, rough HVAC and plumbing.
- Generous on-site parking and designed frontage for branding and visibility.
- Three structurally upgraded buildings totaling approximately 3,237+ square feet with flexible layouts.
- Completed environmental clearances and variance approvals for enhanced development potential.
- High daily traffic volumes of up to 50,000 vehicles providing strong business visibility.
Executive Summary
This is a one of a kind unique property with incredible highway exposure. 1 mile from the Parkway entrance and just a few miles from the Jersey Shore.
There’s three 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
There’s three 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
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
3,456 SF
Building Class
C
Year Built
1960
Price
$1,990,000
Price Per SF
$575.81
Tenancy
Single
Building Height
3 Stories
Building FAR
0.11
Lot Size
0.70 AC
Zoning
OP-10 - Office Professional Zone
Parking
10 Spaces (2.89 Spaces per 1,000 SF Leased)
Frontage
239’ on Route 34
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Rental and Leasing Services
- 2,000 SF
- -
- -
Penske Corporation began in 1969, when Roger Penske purchased a car and light-truck rental and leasing business and built it into a diversified transportation services company. Penske Corporation manages subsidiaries across retail automotive, truck leasing, transportation logistics, manufacturing, and professional motorsports, forming a broad on-highway business portfolio. Penske Corporation maintains a wide operating footprint and a substantial global workforce, with businesses serving customers through a large network of locations and service capabilities. The company remains closely held and continues to expand through its transportation and mobility businesses.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Rental and Leasing Services | 2,000 SF | - | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 52-00805-0000-00093 | Improvements Assessment | $184,600 |
| Land Assessment | $246,600 | Total Assessment | $431,200 |
Property Taxes
Parcel Number
52-00805-0000-00093
Land Assessment
$246,600
Improvements Assessment
$184,600
Total Assessment
$431,200
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2000 Hwy 34
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