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4291 Highway 516 2,880 SF Retail Building Matawan, NJ 07747 $500,000 ($173.61/SF)
Investment Highlights
- Excellent visibility along heavily traveled Highway 516 with 200 feet of frontage at a signalized intersection.
- Flexible two-story building layout suitable for retail, professional services, or medical office use.
- Corner parcel with multiple ingress/egress points and strong traffic exposure.
- Ample on-site surface parking with approximately 30 spaces.
- Mixed-use adaptability in a thriving Middlesex County market with redevelopment potential.
- Large 0.84-acre site providing outdoor space or additional expansion opportunities.
Executive Summary
Excellent Owner User or Redevelopment Opportunity. Variety of Uses available. Past uses have included Office and Contractors. Property is in a Residential Zone so it can be converted back to a residential use.
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,880 SF
Building Class
C
Year Built
1965
Price
$500,000
Price Per SF
$173.61
Tenancy
Single
Building Height
2 Stories
Building FAR
0.08
Lot Size
0.84 AC
Zoning
R-20 - Residential
Parking
30 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Bus Line
- Corner Lot
- Security System
- Signalized Intersection
- Storage Space
- Air Conditioning
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 15-12301-0000-00001 | Improvements Assessment | $105,300 |
| Land Assessment | $135,400 | Total Assessment | $240,700 |
Property Taxes
Parcel Number
15-12301-0000-00001
Land Assessment
$135,400
Improvements Assessment
$105,300
Total Assessment
$240,700
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4291 Highway 516
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