For Sale
$1,850,000

281 Route 79Marlboro, NJ 07751

Executive Office, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 9,362 square foot, two-story office building is situated on 1.4 acres in Morganville, New Jersey, at 281 Route 79, zip code 07751. The property, known as "The Officenter," boasts a prime location on a heavily trafficked thoroughfare within Monmouth County's C-2 Neighborhood Commercial District. Built in 1982, the building offers significant value-add potential. Currently configured with extensive common areas, a reception area, and large shared conference rooms on both floors, the property presents an opportunity to reposition spaces and maximize rentable square footage. The asking price is $1,850,000, translating to $197.60 per square foot. The building features a multi-tenant occupancy with month-to-month leases, providing flexibility for a new owner. Ample parking is available with 61 spaces. The first floor encompasses 4,080 square feet, plus an additional 1,202 square feet, while the second floor mirrors the main first floor at 4,080 square feet. This presents a unique opportunity for both owner-occupiers and investors seeking a strong return on investment.

Highlights

  • 9,362 SF total building area.
  • 4,080 SF first floor, 85' x 48'.
  • 1,202 SF first floor addition, 32.5' x 37'.
  • 4,080 SF second floor, 85' x 48'.

Property Details for 281 Route 79

Property type
Office properties
Square Feet
9,362 SF
Year Built
1982
Lot Size (sq. ft)
60,984 SF

Location Insight

City
Marlboro
County
Monmouth
State
New Jersey
Latitude
40.3574663
Longitude
-74.2495243
281 Route 79, Marlboro, New Jersey

FAQs

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281 Route 79
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