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    481 Morris St Woodbury, NJ 08096

    For Sale
    $650,000

    Profitable Duplex & Offices, Prime Location

    Property size:
    8,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional mixed-use property at 481 Morris Street, Woodbury, NJ, presents a lucrative investment opportunity. The 8,000 square foot building sits on a 0.46-acre lot and is currently priced at $650,000. The property features a fully leased duplex, generating immediate rental income. In addition to the residential units, there are two separate commercial office spaces available for lease or immediate occupancy by a new owner. One office space is particularly well-suited for medical or legal professionals, boasting several rooms, a large waiting room, and a reception counter. A second floor offers two additional rooms, ideal for storage or expansion. The property benefits from ample free parking on a private lot, ensuring convenient access for tenants and clients. Its strategic location, one light from Route 45 and downtown Woodbury, provides excellent visibility and accessibility. The building is meticulously maintained and ready for immediate use, making it an attractive proposition for both investors and owner-occupiers seeking a turnkey operation. The property is available for immediate occupancy.

    Property Features for 481 Morris St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    8,000 SF
    Lot Size
    20,038 SF

    Building Details

    Year Built
    1944
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Woodbury
    County
    Gloucester
    State
    New Jersey
    Longitude
    -75.16142
    Latitude
    39.83196

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    FAQs

    What type of property is this?
    Mixed-use property - Profitable Duplex & Offices, Prime Location
    Where is this mixed-use property located?
    The property is located at 481 Morris St Woodbury, NJ.
    What is the asking price?
    The asking price for this property is $650,000.
    (856) 582-0366
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    Woodbury, NJ 08096
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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
    481 Morris St Woodbury, NJ 08096
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