2337 Route 34, Manasquan, NJ 08736

$2,000,000

Property Type: Commercial Square Footage: 6,167 Lot Size (sq. ft.): 56,192 Status: Active

Current Price: $2,000,000 List Date: 10/09/2025 Last Modified: 12/11/2025

Overview

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

Supplements: 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 Details MLS# 22518815

Contract Info

Property Sub-Type: Commercial
Sale: Yes
Lease: No
List Price/SqFt: 324.31

Location

House Number: 2337
Street Name: Route 34
County: Monmouth
Municipality: Wall (WAL)
Postal City: Manasquan
State: NJ
Zip Code: 08736
Area/Section: None
Directions: Rt 34 South. Almost exactly 2 miles south of the GSP on the right hand side.

General Property Info

# Levels: 2
Apx SqFt: 6167
Garage: No
Acreage: 1.29
# Car Garage: 0

Tax and Legal

Asmnt - Total: 892800
Taxes: 18838
Tax Year: 2024

Remarks & Misc

Excluded: Personal belongings

Use

Hotel/Motel: Yes

More Information

Electric

110 Volt: Yes
Other - See Remarks: Yes

Gas

On Site: Yes

Water Heater

Other - See Remarks: Yes

Heating

Natural Gas: Yes

Water

Public Water: Yes

Sewer

Public Sewer: Yes

Parking

Paved: Yes

Assessment Status

To Be Assessed: Yes

Financing

Cash: Yes

Documents Available

Aerial Photo: Yes
Proof of Zone: Yes

Property Features

Use: Hotel/Motel Heating: Natural Gas Water Heater: Other - See Remarks Water: Public Water Sewer: Public Sewer Gas: On Site Electric: 110 Volt; Other - See Remarks Parking: Paved Assessment Status: To Be Assessed Documents Available: Aerial Photo; Proof of Zone Financing: Cash

Listing Office: Real Broker, LLC- Red Bank

Listing Agent: Paul G Cook

Last Updated: December - 11 - 2025

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth Ocean Regional REALTORS®, and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.