Two-Story Mixed-Use
For Sale
$2,175,000
299 SPOTSWD-ENGTWN RD, Monroe, NJ 08831
Commercial Sale, Monroe, NJ
Property Size5,036 SF
Lot Size0.46 Acres
Price / SF$431.89
Days on Market251
Property Features for 299 SPOTSWD-ENGTWN RD
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
NC
Parking
40
Lot features
Commercial Area, Level
Directions
Route 613(Spotswood-Englishtown Rd.) to Morton Avenue...(on corner)
Standard status
Active
APN
12001670000000091
Size
5,036 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
14963
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
2000
Floors in Building
2
Flooring type
Wood, Linoleum
Building materials
Composition
Roof type
Asphalt
Listing Agency:
BORAIE REALTY, LLC
(732) 846-3700
Listed By:
Ivan Gutierrez
(732) 841-4496
Added: Jan 28
Changed: Sep 17
Last Checked: Oct 6 at 7:06AM
MLS# 2610194R
Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story mixed-use property contains 5,036 square feet on 0.459 acres and includes restaurant and bar equipment, a liquor license, and two apartments. The commercial component is supported by a stated occupancy of 100, with wood and linoleum flooring and central air conditioning. Construction dates to 2000, with a composition exterior and asphalt roofing.
The property is located at 299 Spotswood-Englishtown Road in Monroe, New Jersey, within Middlesex County. NC zoning applies, and the site is served by public water and public sewer. The combination of restaurant infrastructure, bar equipment, and residential units creates a vertically configured mixed-use asset with established building improvements.
The property is located at 299 Spotswood-Englishtown Road in Monroe, New Jersey, within Middlesex County. NC zoning applies, and the site is served by public water and public sewer. The combination of restaurant infrastructure, bar equipment, and residential units creates a vertically configured mixed-use asset with established building improvements.
Key Highlights
- 5,036‑square‑foot mixed‑use building on 0.459 acres
- Two‑story configuration with 2 apartments
- Restaurant and bar equipment included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,015
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,540,300
$1.5M
Cap Rate 7%
$1,100,214
$1.1M
Cap Rate 9%
$855,722
$855.7K
Market Conditions
NOI Build-Up for 5,036 SF
Gross rent
$108.8K $21.60/SF
− Vacancy
−$6.1K −$1.21/SF
EGI
$102.7K $20.39/SF
− OpEx
−$25.7K −$5.10/SF
NOI
$77.0K $15.29/SF
Area
Middlesex County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,540,300
Cap Rate 7%
$1,100,214
Cap Rate 9%
$855,722
Alternative Uses
Best Use
Specialty Retail
$1.10M
$962.7K – $1.28M
NOI $77,015 @ 7.0% cap · market cap 3.54%
Second Best
Mixed Use
$622.5K
$544.7K – $726.2K
NOI $43,574 @ 7.0% cap · market cap 2.00%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $92,050 @ 7.0% cap · market cap 4.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
3k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Valero Energy
Shops & Services
2,542 visits/mo
0.4 miles
Demographics for 08831, NJ
55,123
Population
24,898
Households
2.2
Avg Household Size
53
Median Age
51%
College-Educated
95%
High-School Grad
51.3 sq mi
ZIP Area
1,075
Density / Sq Mi
$108,741
Median Household Income
$74,340
Median Earnings
$1,872
Median Rent
$489,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Restaurant and bar improvements accompany two apartments, public utilities, and NC zoning in a flexible commercial configuration.
Where is this mixed-use property located?
The property is located at 299 SPOTSWD-ENGTWN RD Monroe, NJ.
What is the asking price?
The asking price for this property is $2,175,000.
What are key features of this property?
This property features: 5,036‑square‑foot mixed‑use building on 0.459 acres; Two‑story configuration with 2 apartments; Restaurant and bar equipment included
