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40 Avenue of the Common – Listing Details

40 Avenue of the Cmn, Shrewsbury, NJ 07702

  • For Sale $1,650,000
  • City Shrewsbury
  • Neighborhood Shrewsbury
  • Zip Code 07702
  • Market New Jersey
  • Property Type Office - Medical Office
  • Property Size 12,590 Sqft
  • Lot Size 2.3 Acre
  • Year Built 1980
  • Date Updated 15 Dec, 2020

PROPERTY HIGHLIGHTS

13,000 SF Professional Office/Medical Building

Building is currently vacant. 6,500 SF per wing, each with private entrances. Owner-user could occupy one wing and lease remaining space or occupy entire building.

Potential Redevelopment Opportunity

Block: 73; Lot: 2; Acres: 2.3

Zoning: LIR-88 Limited Industrial and Research Zone Districts

Parking: Ample Parking; 5/1,000 SF

Utilities: Gas Heat/City Water & Sewer

Taxes (2019): $30,675.65

Sale Price: $1,650,000.00

Located at Exit 109 (Newman Springs Road) off the Garden State Parkway. Only 3.5 miles to Garden State Parkway and 2.5 miles to Red Bank NJ Transit Station.

Situated within walking distance to multiple restaurants and other amenities.

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Location

  • City Shrewsbury, NJ
  • Neighborhood Shrewsbury
  • Zip Code 07702
  • Market New Jersey

Contacts

broker

Stephen Gianis

Kislak Commercial Real Estate Services

(908) 360-8057

broker

Michael Basile

Kislak Commercial Real Estate Services

(908) 360-8054

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