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59 Avenue At The Common 101/102
Shrewsbury Boro, New Jersey NJ 07702
Price: $844,000
Listing ID 22308806
Status Active
SqFt 3,800
Year Built 1984

Property Description:

PRICED TO SELL!! At $844,000, that's $156,000 below the 2024 Tax Assessor Value of $1,000,100. Now is the time to take advantage of an exceptional opportunity.Prime 3800SF professional office space located in highly desirable Shrewsbury with direct signalized access to Route 35. Less than ½ mile from Main Gate of Ft. Monmouth Redevelopment Project, including highly anticipated Netflix Production Facility - slated to be one of the world's largest film studios - as well as mixed use residential & entertainment parcels currently being constructed and sold. Offered property consists of two spacious, airy contiguous first-floor units, 9 private offices, Large Reception area, Conference Room, Kitchen with a rear entry access & a dry basement with locked storage. These units are offered $156,000 below 2024 Assessed Value (Unit 101 Assessed Value $384,900 and Unit 102 Assessed Value $615,200). They offer a fantastic opportunity for owner-occupied professional or medical offices, or for investment/rental income in this prestigious, quickly expanding locale. Don't miss out on this rare opportunity to own commercial property in Shrewsbury (rather than rent), within a community surrounded by other Professional/Office condos. Easy access to the Garden State Parkway, Route 18 and NJ transit North Jersey Coast Line.

Primary Features

County: Monmouth
Price Before Reduction: 849900
Price Reduction Date: 2023-10-24T20:08:10+00:00
Property Sub Type: Office
Property Type: Commercial Sale
Year Built: 1984


Basement: Locked Storage, Partially Finished
Basement Partially Finished: 1
Common Elements Elevator: 1
Cooling: yes
Cooling: Central Air
Cooling Central Air: 1
Flooring: Tile, Other
Floors Other: 1
Floors Tile: 1
General Property Info # Elevators: 1
General Property Info # Levels: 2
General Property Info Available SqFt: 3800
General Property Info Office SqFt: 3800
Heating: Forced Air
Heating: yes
Heating Forced Air: 1
Location Office Park: 1
Stories: 2
Use Professional Office: 1
Zoning Office: 1


Common Elements Landscaping: 1
Construction Siding Vinyl: 1
Contract Info New Construction: No
Electric: 110 Volt
Garage YN: no
Gas On Site3: 1
General Property Info # Parking Spaces: 60
General Property Info Garage: No
Heating Natural Gas: 1
Location Unit Suite #2: 101/102
Lot Description Landscaped: 1
Lot Features: Landscaped
New Construction: no
Parking Features: Off Street, On Site, Paver Block
Parking On Site: 1
Parking Paved: 1
Parking Total: 60
Roof: Timberline, Shingle
Roof Shingled: 1
Roof Timberline: 1
Sewer: Public Sewer
Sewer Public Sewer: 1
Water Heater Natural Gas: 1
Water Public Water: 1
Water Source: Public


Association Amenities: Common Area, Landscaping
Common Elements Association: 1
Common Elements Common Area: 1
Directions: Route 35 South from Red Bank, turn left at Traffic light at Avenue at the Commons. Route 35 North from Eatontown, turn right at Traffic light at Avenue at the Commons, building will be on the right.
General Property Info Handicap Access: Yes
Location Area Section: None
MLS Area Major: None
MLS Area Minor: Shrewsbury Boro (SHB)
Zoning Commercial: 1
Zoning Description: Professional, Commercial
Zoning Professional: 1


Basement Locked Storage: 1
Common Elements Professional Management: 1
Mls Status: Active
Use Medical: 1
Use Professional Service: 1


Assessment Status Assessed: 1
Association Fee Includes: Common Area, Snow Removal, Exterior Maintenance, Management Fee
Contract Info Lease: No
Contract Info Sale: Yes
Fee Includes Common Area: 1
Fee Includes Exterior Maintenance: 1
Fee Includes Management Fee: 1
Fee Includes Snow Removal: 1
Financing Cash: 1
Income Expenses Monthly Maintenance Fee: 1500
Leasable Area: 3800
Tax Annual Amount: 16842.96
Tax Assessed Value: 1000100
Tax Year: 2024

Zoning Info

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