2337 Route 34, Manasquan, NJ 08736 (MLS# 22518815)
$2,000,000
Manasquan, NJ 08736
MLS# 22518815
Status: Pending
6167 sqft
1 / 4
Property 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
Details
Maps
Contract Info
Status: Pending
List Date: 2025-10-09
Property Sub-Type: Commercial
Sale: Yes
Lease: No
List Price: $2,000,000
Current Price: $2,000,000
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
Tax and Legal
Asmnt - Total: 892800
Taxes: 18838
Tax Year: 2024
Status Change Info
Under Contract Date: 2026-05-12
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
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 Office: Real Broker, LLC- Red Bank
Listing Agent: Paul Cook
Last Updated: September - 17 - 2026
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.
