About 2337 Route 34
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.
Features of 2337 Route 34
| MLS® # | 22518815 |
|---|---|
| Price | $2,000,000 |
| Bathrooms | 0.00 |
| Square Footage | 6,167 |
| Acres | 1.29 |
| Type | Commercial Sale |
| Sub-Type | Commercial |
| Style | Hotel/Motel |
| Status | Active |
Community Information
| Address | 2337 Route 34 |
|---|---|
| Area | Wall (WAL) |
| City | Manasquan |
| County | Monmouth |
| State | NJ |
| Zip Code | 08736 |
Amenities
| Parking | Paver Block |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 2 |
Additional Information
| Short Sale | No |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Agent | Paul Cook |
|---|---|
| Office | Real Broker, LLC- Red Bank |