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$2,000,000

Est. payment - /mo

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6,167 SqFt

Pending

2337 Route 34 Manasquan, NJ 08736

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Youssef Genid

info@roglegend.com +1(973) 772-0660

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Pending

Purchase Type For Sale

Square Footage 6,167 sqft

Price per Sqft $324

Municipality Wall (WAL)

MLS Listing ID 22518815

Annual Tax Amount $18,838

Tax Year 2024

Lot Size 1.290 Acres

Acres 1.29

Property Sub-Type Commercial

Source MOREMLS (Monmouth Ocean Regional REALTORS®)

Property Description

Seize a rare opportunity to develop 18 apartments or condos with an an amendment to the redev plan on a prime lot just minutes from Manasquan Beach, Brielle, Sea Girt, and Point Pleasant Beach. Currently an operating motel it's been rezoned by the town from commercial to high density residential to meet NJ's housing demand. This lot is a high-value investment. In the 08736 zip code this affluent community, with a $150,523 median household income, $91,786 per capita income, and 73% with Bachelor's degrees, ensures strong buyer appeal. Develop premium condos where the median listing price of 2-3 bedroom condos is $850,000 and overall median listing home price (all property types) is about $1.3M / ~$464/ft²., and rents for 2-3 bedroom apartments averaging $3500 - $4100/month reflecting a VERY desirable coastal area. Contact us for more information to schedule a tour and to unlock this profitable venture. Contact us for more information to schedule a tour and to unlock this profitable venture.

Location

State NJ

County Monmouth

Area None

Direction Rt 34 South. Almost exactly 2 miles south of the GSP on the right hand side.

Exterior

Parking Features Paver Block

Private Pool No

Building

Sewer Public Sewer

Water Public

Others

Senior Community No

Tax ID 52-00831-0000-00030

Listed by Real Broker, LLC- Red Bank

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Youssef Genid

Broker License ID: 9701533

+1(973) 772-0660

2337 Route 34 Manasquan, NJ 08736

Youssef Genid

Key Details

Location

Exterior

Building

Others

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2337 Route 34