938 Rt-34 12,509 SF Retail Building Matawan, NJ 07747 For Sale

INVESTMENT HIGHLIGHTS

  • Automotive tire shop and multi-tenant retail space
  • Multi-purpose building: 7K SF Tire shop, 3K SF Transmission shop, 2.5K SF Office, 12 service bays
  • Equipment list available upon request
  • Prime highway commercial retail opportunity
  • 15' bay ceiling heights
  • Quality demographic profile

EXECUTIVE SUMMARY

SVN is pleased to present an outstanding opportunity to purchase a 12,509 SF±, 12-bay automotive shop with retail space in the heart of Matawan Borough in Monmouth County, New Jersey. This unique site has been long hailed as one of the community's iconic properties. The property is appropriate for both owner-user and multi-tenant applications. The property benefits from an excellent highway commercial location with frontage on Rt. 34, as well as excellent visibility and prime signage opportunities. The highly accessible location is in close proximity to both commercial and residential trade areas, several residential developments and an abundance of other amenities.
This site is centrally situated along the Route 34 corridor in close proximity to both Routes 9 and 79. The property is within an hour drive of New York City, Philadelphia and a half hour to the New Jersey Shore. Easy access to/from I-195, I-95, the Garden State Parkway and Rt. 1. Matawan Borough is a historic community located near the Raritan Bay in the much larger Raritan Valley region. The borough is a commuter town of New York City within the New York Metropolitan Area, as defined by the United States Census Bureau. It directly borders the Philadelphia metropolitan statistical area and is part of the Federal Communications Commission's Philadelphia Designated Market Area.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
12,509 SF
Building Class
C
Year Built
1974
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.57
Lot Size
0.50 AC
Zoning
HI - provide adequate, appropriate area for industrial uses that have a significant nuisance potential.
Parking
45 Spaces (3.6 Spaces per 1,000 SF Leased)
Frontage
84’ on Rt 34

AMENITIES

  • Freeway Visibility
Walk Score®
Very Walkable (73)

NEARBY MAJOR RETAILERS

The YMCA
Starbucks
Oceanfirst Bank
Flagstar
Santander Bank
Bank of America
TD Bank
The Little Gym
WW
Stop & Shop

PROPERTY TAXES

  • Listing ID: 30577387

  • Date on Market: 1/8/2024

  • Last Updated:

  • Address: 938 Rt-34, Matawan, NJ 07747