538 State Route 34
Matawan, NJ 07747
Oak Tree Apartments Development - 36 Units · Land For Sale · 4.20 AC

538 Route 34, Old Bridge, NJ 6.3 acres Residential Units – 36 units Commercial Building 1 – 9,500 SF Commercial Building 2 – 9,500 SF Located at the intersection of NJ Route 34 / Canyon Woods Drive Fully approved final site plan (Resolution December 5, 2019) Planning Board/Township of Old Bridge Twp.) for 36 total multi- family units [30 market-rate; 6 COAH designated] and 2 low-rise commercial buildings Low-rise wood construction Opportunity to build to a 12% cap rate at stabilization capturing $7m-$10m of value