303 Main StFreehold, NJ 07728

Property Details for 303 Main St

Year built

1971

Lot size

4.89 AC

Property size (Sq ft)

61,152 SF

Zone code

CM-2

Property type

Office properties

Property subtype

Office buildings

APN

17 00069- 05-00036- 01

APU

1700069050003601

Description

303 W. Main Street in Freehold, Monmouth County, offers exceptional Class A office space in a four-story building totaling 61,312 square feet. Built in 1975 and extensively renovated in 2007, this property boasts a desirable location at the intersection of Routes 9 & 33, providing convenient access to CentraState Medical Center, the Monmouth County Courthouse, and downtown Freehold Borough. The building features ample parking with 200 spaces and elevators for easy access to all four floors. Multiple tenancy options are available, with a minimum divisible space of 1,685 square feet and a maximum contiguous space of 6,299 square feet. Currently, 9,761 square feet of space is vacant, offering immediate occupancy opportunities. The building is suitable for a variety of office uses, including executive, medical, and creative office spaces. This property presents a unique opportunity to establish a presence in a thriving and accessible location within Monmouth County. The building's Class A designation reflects its high-quality construction, modern amenities, and prime location. Interested parties are encouraged to inquire about available suite sizes and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $11,301,131

  6.5%

  $10,431,813

  7%

  $9,686,683

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,990,120

  Geo Method

  $7,990,120

• Alternative Use

  Use

  Valuation

  Residential

  $12,935,448

  Hospitality

  $11,848,801

  Educational

  $9,858,063

  Medical

  $10,197,097

  Retail

  $15,334,765

Location Insight

City

Freehold

County

Monmouth

State

New Jersey

Latitude

40.2457

Longitude

-74.2977

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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