$2,000,000

2337 Route 34, Manasquan, NJ 08736

  • 6,167 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon1.29acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $324/sqft
  • Property List Date Icon Listed 29 days ago

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.

Listing Status:
Active
Date Added:
October 9, 2025 at 05:00AM
Listing Office:
Real Broker, LLC- Red Bank : 855-653-6723
Listing Agent:
Paul G Cook : 855-653-6723
MLS ID:
22518815
  • Heating: Natural Gas
  • Parking: Paver Block
  • General: 2
  • Originating MLS: MOREMLS (Monmouth Ocean Regional REALTORS®)
  • County: Monmouth
  • Zoning: 52-00831-0000-00030
  • Utilities: 110 VoltOther - See Remarks
  • Water: Public
  • Sewer: Public Sewer
  • Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
  • Exclusions: Personal belongings

This listing courtesy of Paul G Cook, Real Broker, LLC- Red Bank

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

A

Allenwood Elementary School

3301 Allenwood Lakewood Rd, Wall, NJ, 07719

Grades KG-5

0.94 miles away

W

Wall Intermediate School

2801 Allaire Rd, Wall Township, NJ, 07719

Grades 6-8

1.51 miles away

W

Wall High School

1630 18th Ave, Wall Township, NJ, 07719

Grades 9-12

2.90 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.