429 Rt-31 - Freestanding FOR SALE


Washington, NJ 07882
$1,200,000 USD
908-343-0097
429 Rt-31, Washington, NJ for Sale
$1,200,000 USD
Freestanding - FOR SALE
1/18
null | 4.51% Cap Rate

429 Rt-31
Washington, NJ 07882


HIGHLIGHTS

  • 325 Ft. of Highway Frontage
  • 1.13 Acres
  • Immediate income over $6500 / month

OVERVIEW

**Mixed-Use Investment Property with Highway Frontage – Washington Township, NJ** Unique mixed-use investment opportunity situated on approximately **1.13 acres** in a commercial district of **Washington Township, NJ 07882**. The property offers multiple income streams and excellent visibility, featuring **over 325 feet of highway road frontage**. The site includes a **commercial building currently rented**, a **single-family home currently rented**, and **seven mobile home pad sites**. The mobile homes are **tenant-owned** and pay land lease rent to the landlord, creating a diversified income structure with limited ownership responsibility for the mobile home units themselves. This property is ideal for an investor seeking a multi-income asset with commercial zoning characteristics, strong road exposure, and potential long-term upside. With its combination of residential rental income, commercial rental income, and land lease revenue, the property presents a rare opportunity in the Washington Township market. Prospective buyers should perform their own due diligence regarding permitted uses, zoning, leases, income, expenses, and any future redevelopment or expansion potential.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$706 USD /SF

CAP RATE

4.51%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,045 SF

ZONING

HC

APN/PARCEL ID

22-00076-0000-00002

ASK ABOUT THIS PROPERTY

Michael Del CioppoTMMD Property Group LLCMore Info
908-343-0097

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Michael Del CioppoTMMD Property Group LLCMore Info
908-343-0097

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.