281 State Route 79 N | Morganville, NJ 07751
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281 State Route 79 N
Morganville, NJ 07751
The Officenter · Office Property For Sale
Investment Highlights
- Oversized Lot: 1.40 AC
- Substantial Value-Add
- Abundance of Parking
Executive Summary
PRICE REDUCED FROM $1,950,000.00 TO $1,850,000.00 FOR QUALIFIED PURCHASERS.
FREESTANDING PROFESSIONAL OFFICE BUILDING FOR SALE.
IDEAL FOR USERS, 1031 EXCHANGE, AND CASH BUYERS!
281 Route 79 N, Morganville, NJ 07751
“The Officenter” is a 9,362 SF two story freestanding professional office building for sale. Located on heavily traveled Route 79 in the heart of Morganville, NJ (Monmouth County). This opportunity allows for both users looking to occupy space or as an investment.
Asking Price: $1,850,000.00
Total Footage: 9,362 SF (Building has a basement for storage not included in the footage)
1st Floor: 5,282 SF (Includes new addition)
2nd Floor: 4,080 SF
Lot Size: 1.40 AC (potential for addition to the current footprint)
Parking: 61 Total Spaces
Zoning: C-2 Neighborhood Commercial District
There is a substantial value add component to the building as multiple tenants are on month-month full-service leases which could either remain in the building or vacate. The current setup of the building has extensive common areas, reception area, and large shared conference rooms on both floors of the building. This allows for a new owner to recapture and reposition spaces to maximize rentable footage in the future.
FREESTANDING PROFESSIONAL OFFICE BUILDING FOR SALE.
IDEAL FOR USERS, 1031 EXCHANGE, AND CASH BUYERS!
281 Route 79 N, Morganville, NJ 07751
“The Officenter” is a 9,362 SF two story freestanding professional office building for sale. Located on heavily traveled Route 79 in the heart of Morganville, NJ (Monmouth County). This opportunity allows for both users looking to occupy space or as an investment.
Asking Price: $1,850,000.00
Total Footage: 9,362 SF (Building has a basement for storage not included in the footage)
1st Floor: 5,282 SF (Includes new addition)
2nd Floor: 4,080 SF
Lot Size: 1.40 AC (potential for addition to the current footprint)
Parking: 61 Total Spaces
Zoning: C-2 Neighborhood Commercial District
There is a substantial value add component to the building as multiple tenants are on month-month full-service leases which could either remain in the building or vacate. The current setup of the building has extensive common areas, reception area, and large shared conference rooms on both floors of the building. This allows for a new owner to recapture and reposition spaces to maximize rentable footage in the future.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Building Size
9,362 SF
Building Class
C
Year Built/Renovated
1982/2000
Price
$1,850,000
Price Per SF
$198
Percent Leased
56%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,681 SF
Slab To Slab
8’
Building FAR
0.15
Lot Size
1.44 AC
Zoning
C-2 - C-2 Neighborhood Commercial District Zoning - See attached zoning ordinance
Parking
61 Spaces (6.52 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Central Heating
- Fully Carpeted
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 30-00168-0000-00001 | Improvements Assessment | $658,500 |
| Land Assessment | $560,000 | Total Assessment | $1,218,500 |
PROPERTY TAXES
Parcel Number
30-00168-0000-00001
Land Assessment
$560,000
Improvements Assessment
$658,500
Total Assessment
$1,218,500
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