Corner Lot Mixed-Use
375 Spotswood Englishtown Road Monroe, NJ 08831
375 Spotswood Englishtown Road, Monroe, NJ, 08831
$775,000
For Sale
$775,000
3,600 sq ft residence with commercial space and parking.
Property Size3,608 SF
Price / SF$214.80
Days on Market431
Property Features for 375 Spotswood Englishtown Road
General Information
- Standard status
- Active
- Size
- 3,608 SF
Building Details
- Year Built
- 1978
Listing Agency
COLDWELL BANKER REALTY
Listed by
DANIELLE MCSHANE
Source
Corcoran
Added: May 15, 2025 Checked: Mar 16 at 9:08 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This 3,600 sq. ft. corner lot property features a blend of residential comfort and commercial potential. The residence includes 4 bedrooms, 2 full baths, and 2 half baths. The expansive den features a fireplace and skylight. The eat-in kitchen is designed for casual dining. A walk-in attic offers storage solutions. The fenced yard provides privacy and security, complemented by a deck for outdoor entertaining and a shed for additional storage. Landscaping enhances the property's charm, with a sprinkler system for maintenance. Attached to the home is a renovated commercial space currently operating as a barber shop, featuring its own bathroom and a private entrance from a connecting street. This space can be rezoned and utilized for another business venture. A dedicated parking lot serves both residential and commercial needs. The property is located on Spotswood Englishtown Road in Monroe, NJ.
Key Highlights
- Attached, newly renovated commercial space with separate entrance, bathroom, and dedicated parking.
- Spacious 3,600 sq. ft. residence with 4 bedrooms, 2 full baths, and 2 half baths.
- Desirable corner lot location with beautifully lit landscaping, sprinkler system, and great curb appeal.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.2k | $30.00 |
| − Vacancy | −$7.4k | −$2.04 |
| EGI | $100.9k | $27.96 |
| − OpEx | −$45.4k | −$12.58 |
| NOI | $55.5k | $15.38 |
3,608 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$792.6K
$693.6K – $924.7K
NOI $55,484 @ 7.0% cap · market cap 7.16%
Second Best
Retail
$735.7K
$643.7K – $858.3K
NOI $51,498 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$942.1K
$824.4K – $1.10M
NOI $65,948 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Verona Michael I ...
Dental Office
Sciortino's Barber Shop
Barber Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - 3,600 sq ft residence with commercial space and parking.
Where is this mixed-use property located?
The property is located at 375 Spotswood Englishtown Road Monroe, NJ.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Attached, newly renovated commercial space with separate entrance, bathroom, and dedicated parking.; Spacious 3,600 sq. ft. residence with 4 bedrooms, 2 full baths, and 2 half baths.; Desirable corner lot location with beautifully lit landscaping, sprinkler system, and great curb appeal.
