Three-Unit Retail
25 E Washington Avenue, Washington, NJ 07822
- Added:
- Sep 9, 2025
- Days on Market:
- 294
- Last Refresh:
- Jun 29 at 1:06 am
Property Features for 25 E Washington Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Rooms
- Basement
- Parking features
- On Street
- Security features
- Security System
- Interior features
- Handicapped, Refrigeration
- Exterior features
- Display Window, Lighting
- Basement
- Walk-Out Access
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 3021-00094-0001-00005-0000
- Size
- 7,700 SF
Taxes and HOA fees
- Tax Annual Amount
- 19429
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Floors in Building
- 1
- Flooring type
- Vinyl, Tile
- Building materials
- Block, Brick
- Roof type
- Flat
Listing agent Nicholas D'Egidio (732) 746-3051
Listing office Coletta Commercial Realty 1101 Richmond Ave Suite 200, Point Pleasant, NJ (732) 746-3051
Listing date Sep 9, 2025
MLS# 22527356
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime commercial retail investment property in the heart of downtown Washington, NJ's Business District.
- 100% occupied with excellent tenant mix including The Cellar Door, Nails By Diana, and Le Crepe Cafe.
- Recently divided into 3 individual retail units with improved front facade and display windows.
- Under market rents offer significant potential for increased revenue.
- Potential for 1031 exchange replacement.
- Walkable location to neighborhood retail, professional services, and entertainment.
Overview
This three-unit retail building is currently 100% occupied and benefits from a solid tenant mix that includes The Cellar Door, Nails By Diana, and Le Crepe Cafe. The property was recently divided into three individual retail units, with improvements to the front facade and display windows, plus a common area lobby that supports coordinated customer entry.
Located at 25 E Washington Avenue in the heart of downtown Washington, New Jersey’s business district, the setting is positioned for day-to-day foot traffic from surrounding neighborhood retail, professional services, and entertainment. The walkable environment helps reinforce visibility and customer access for each unit.
For investors and buyers, the existing occupancy and established tenant lineup can support a straightforward acquisition strategy, particularly for those looking for stable retail cash flow. The offering also notes under market rents and potential for a 1031 exchange replacement, which may appeal to qualified investors seeking to optimize income while maintaining a retail-focused portfolio.
Located at 25 E Washington Avenue in the heart of downtown Washington, New Jersey’s business district, the setting is positioned for day-to-day foot traffic from surrounding neighborhood retail, professional services, and entertainment. The walkable environment helps reinforce visibility and customer access for each unit.
For investors and buyers, the existing occupancy and established tenant lineup can support a straightforward acquisition strategy, particularly for those looking for stable retail cash flow. The offering also notes under market rents and potential for a 1031 exchange replacement, which may appeal to qualified investors seeking to optimize income while maintaining a retail-focused portfolio.
Local Financial Insights For Retail
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 | $138.6k | $18.00 |
| − Vacancy | −$12.2k | −$1.58 |
| EGI | $126.4k | $16.42 |
| − OpEx | −$37.9k | −$4.92 |
| NOI | $88.5k | $11.49 |
7,700 SF · lease $18.00/SF/yr · vacancy 8.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.26M
$1.11M – $1.47M
NOI $88,482 @ 7.0% cap · market cap 7.69%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.90M
$2.54M – $3.39M
NOI $203,349 @ 7.0% cap · market cap 17.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Nails By Diana
Nail Salon
The Cellar Door
Home Decor Store
Le Crêpe Café
Cafe & Coffee Shop
Location Insight
- Map
- Local Demand
- City
- Washington
- County
- Warren
- State
- New Jersey
- Longitude
- -74.978813
- Latitude
- 40.758297
Nearby Similar for Sale
FAQs
What type of property is this?
Retail property - 100% occupied three-unit retail building with recently improved facade and display windows for dependable income and tenant mix.
Where is this retail property located?
The property is located at 25 E Washington Avenue Washington, NJ.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Prime commercial retail investment property in the heart of downtown Washington, NJ's Business District.; 100% occupied with excellent tenant mix including The Cellar Door, Nails By Diana, and Le Crepe Cafe.; Recently divided into 3 individual retail units with improved front facade and display windows.
