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59 Avenue at the Commons 3,500 SF Office/Medical Condo Unit Offered at $799,000 in Shrewsbury, NJ 07702
Investment Highlights
- Priced below assessed Value! Double Unit 101/102 assessed at $1M+
- Approximately 3,500 SF of prime professional office space available in the heart of Shrewsbury, offering direct access to Route 35.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | Sale Status | Under Contract |
| Sale Type | Investment or Owner User |
| Sale Status | Under Contract |
Sale Notes
Priced below assessed Value! Double Unit 101/102 | Approximately 3,500 SF of prime professional office space available in the heart of Shrewsbury, offering direct access to Route 35. Ideally situated less than half a mile from the Main Gate of the Fort Monmouth Redevelopment Project—future home of one of the world's largest Netflix production studios. This offering includes two contiguous first-floor condo units featuring 9+ private offices, a spacious reception area, dedicated conference room, kitchenette with rear access, and a dry basement with secure storage. Enjoy abundant natural light throughout this full wing of a well-maintained, professionally managed building equipped with an elevator, new siding, and an upgraded front entry porch. An exceptional opportunity for an owner-occupant or investment in a high-growth corridor.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 101 & 102 | 3,500 SF | Office/Medical | $799,000 ($228.29/SF) | - |
Unit 101 & 102
| Unit Size |
| 3,500 SF |
| Condo Use |
| Office/Medical |
| Price |
| $799,000 ($228.29/SF) |
| NOI |
| - |
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Unit 101 & 102
| Unit Size | 3,500 SF |
| Condo Use | Office/Medical |
| Price | $799,000 ($228.29/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| Sale Status | Under Contract |
| Sale Notes | |
| Priced below assessed Value! Double Unit 101/102 | Approximately 3,500 SF of prime professional office space available in the heart of Shrewsbury, offering direct access to Route 35. Ideally situated less than half a mile from the Main Gate of the Fort Monmouth Redevelopment Project—future home of one of the world's largest Netflix production studios. This offering includes two contiguous first-floor condo units featuring 9+ private offices, a spacious reception area, dedicated conference room, kitchenette with rear access, and a dry basement with secure storage. Enjoy abundant natural light throughout this full wing of a well-maintained, professionally managed building equipped with an elevator, new siding, and an upgraded front entry porch. An exceptional opportunity for an owner-occupant or investment in a high-growth corridor.</li></ul> |
Property Facts Under Contract
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 20,977 SF | Typical Floor Size | 1,750 SF |
| Property Type | Office (Condo) | Year Built | 1984 |
| Property Subtype | Medical | Lot Size | 1.61 AC |
| Building Class | C | Parking Ratio | 24.29/1,000 SF |
| Floors | 2 | ||
| Zoning | Professional - office, professional, shared office space | ||
| Total Building Size | 20,977 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 1,750 SF |
| Year Built | 1984 |
| Lot Size | 1.61 AC |
| Parking Ratio | 24.29/1,000 SF |
| Zoning | Professional - office, professional, shared office space |
Amenities
- Kitchen
- Storage Space
- Basement
- Central Heating
- Natural Light
- Partitioned Offices
- Reception
- Secure Storage
- Air Conditioning
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
40/100
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Street View
Street
Map
Contact the Sale Advisor
59 Avenue at the Commons