251-259 Route 9, Manalapan, NJ 07726

Property Description

Rare 5.49-acre commercial development opportunity with major frontage on highly traveled U.S. Route 9 South in Manalapan. Zoned OP-3, the property offers potential for professional and business-office development in a prime Monmouth County location surrounded by established residential communities, retail and services. A preliminary concept has been prepared for a modern four-story assisted-living and memory-care community of approximately 90,000 square feet, featuring 96 units/100 beds, a covered entrance, secure memory garden, walking paths and approximately 58 parking spaces. The concept targets approximately 92,000 square feet of total impervious coverage--below 100,000 square feet--while preserving substantial landscaped and stormwater-management areas. Assisted living is a prop