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    Butcher Rd Monroe, NJ 08831

    For Sale
    $2,950,000

    Prime Monroe location, high-growth corridor. Development opportunity.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional 6.4-acre commercial property in Monroe, NJ, presents a unique investment opportunity. Strategically located at the intersection of Route 33 and Applegarth/Butcher Road, it offers unparalleled access to major transportation arteries, including the NJ Turnpike (Exit 8), Routes 130 & 9, and easy commutes to NYC, Philadelphia, and the Jersey Shore. The Route 33 corridor is experiencing significant growth, with numerous large-scale industrial, residential, and retail developments underway. The property boasts a highly desirable H-D Highway Development District zoning, allowing for a wide range of uses, including business and professional offices, shopping centers, auto sales, wholesale/distribution, data processing, restaurants, medical facilities, hotels/motels, and limited development parks. The mostly cleared, level, and dry land (buyer to verify wetlands) comprises two parcels – a 1.4-acre parcel and a 5-acre parcel – totaling 6.4 acres with 650 feet of frontage on Butcher Road. Currently featuring two residential homes and several storage buildings, the property is ideally suited for large-scale distribution warehouses (potentially up to 200,000 square feet, subject to buyer's evaluation), smaller warehouses for equipment/vehicle storage, a large residential home with business operations, a medical office building, a hotel/motel, or a commercial recreation center. Real estate taxes are $17,642 annually. The asking price for both lots is $2,950,000.

    Property Features for Butcher Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    217,800 SF

    Building Details

    Year Built
    1934
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Monroe
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.47145
    Latitude
    40.25353

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Monroe location, high-growth corridor. Development opportunity.
    Where is this commercial real estate located?
    The property is located at Butcher Rd Monroe, NJ.
    What is the asking price?
    The asking price for this property is $2,950,000.
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    Butcher Rd Monroe, NJ 08831
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Butcher Rd Monroe, NJ 08831
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