Investment Overview

The Geller Group at Marcus & Millichap is pleased to exclusively offer for sale 235 Route 34, Matawan, New Jersey, a rare Industrial Outdoor Storage (IOS) opportunity located within one of Monmouth County’s most supply-constrained commercial corridors. Situated on +/-4.74 acres, the property is improved with a 6,000-square-foot single-story commercial/industrial building and approximately 4 acres of functional outdoor storage area, providing a highly desirable land-to-building ratio for contractors, fleet operators, service companies, and other equipment-intensive users. The property's exceptionally low 0.03 FAR and substantial usable IOS area position it as a scarce asset within the Northern New Jersey marketplace, where outdoor storage sites continue to experience strong demand and limited availability. The existing facility features five grade-level drive-in doors and benefits from 55 feet of frontage along Route 34, offering outstanding visibility, accessibility, and operational efficiency. Two curb cuts further enhance site circulation and facilitate truck, trailer, and equipment movement throughout the property. Strategically located in Matawan, the asset provides convenient access to the Garden State Parkway and Routes 35, 36, and 79, enabling efficient service throughout Monmouth, Middlesex, Ocean, and Union Counties. The property is zoned ODE-1 (Office, Distribution & Employment District), one of Old Bridge Township's premier business zoning designations, intended to accommodate a broad spectrum of office, flex, light industrial, distribution, research, and employment-generating uses. The zoning provides a unique blend of operational flexibility and long-term redevelopment potential, supporting a variety of commercial users while preserving the property's significant outdoor storage functionality. The combination of flexible EDO-1 zoning, extensive outdoor storage capacity, and strategic regional accessibility creates a compelling opportunity for contractors, utility providers, logistics operators, fleet-based businesses, and owner-users seeking a highly functional property within a densely populated and economically vibrant Central New Jersey market. As Industrial Outdoor Storage continues to emerge as one of the most sought-after asset classes in commercial real estate, 235 Route 34 offers investors and owner-users the opportunity to acquire a well-located, irreplaceable asset with strong long-term demand fundamentals, substantial underlying land value, and multiple avenues for future growth and repositioning.