Search the Multiple Listing Service (MLS)

40 Avenue At The Common, Shrewsbury Boro, NJ 07702

$6,946,445.12

Virtual Tour

https://homes.motioncitymedia.com/40aveatthecmns07702/?mls

Property Type: Commercial Lease Square Footage: 12,590 Lot Size (sq. ft.): 100,188 Status: Closed

Current Price: $6,946,445.12 List Date: 2/23/2024 Last Modified: 11/21/2025

Overview

Description

Welcome to Skyline 40, where modern elegance and professional functionality converge! Located in a newly renovated building, our 6 office suites are between 1,300sq ft and 2,300sq feet of versatile space for your business needs. The units are being offered at $20 a square foot. The property is handicap accessible and has an elevator on the premises. Situated in the prime location of Shrewsbury, with easy access to the Garden State Parkway and Highway 35. Our space is convenient for clients and employees alike. Additionally, it is just a stone's throw away from Fort Monmouth.

Listing Details MLS# 22404887

Contract Info

Property Sub-Type: Commercial
Sale: No
Lease: Yes
Lease Price: 20
Lease Price Per/SqFt: 0

Location

House Number: 40
Street Name: Avenue At The Common
County: Monmouth
Municipality: Shrewsbury Boro (SHB)
Postal City: Shrewsbury Boro
State: NJ
Zip Code: 07702
Area/Section: None
Directions: Main St. to Ave. on the Commons

General Property Info

# Levels: 2
Apx SqFt: 12590
Apx Year Built: 1980
Garage: No
Acreage: 2.3
# Car Garage: 0

Tax and Legal

Asmnt - Total: 1468300
Taxes: 27663
Tax Year: 2023

Status Change Info

Under Contract Date: 2024-05-23
Sold Date: 2025-07-30

Income & Expenses

# Rental Units: 6

More Information

Use

Professional/Office: Yes

Electric

110 Volt: Yes

Gas

On Site: Yes

Cooling

Central Air: Yes

Water Heater

Natural Gas: Yes

Heating

Forced Air: Yes

Water

Public Water: Yes

Sewer

Public Sewer: Yes

Exterior

Security System: Yes

Parking

On Site: Yes
Paved: Yes

Assessment Status

Assessed: Yes

Property Features

Use: Professional/Office Cooling: Central Air Heating: Forced Air Water Heater: Natural Gas Water: Public Water Sewer: Public Sewer Gas: On Site Electric: 110 Volt Exterior: Security System Parking: On Site; Paved Assessment Status: Assessed

Listing Office: Keller Williams Realty West Monmouth

Listing Agent: Valerie Vargas

Last Updated: November - 21 - 2025

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.