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    235 Prospect Plains Rd Monroe Township, NJ 08831

    Sponsored
    For Sale
    $749,000

    NJ Office Land: Medical Office Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.44-acre commercial property in Monroe Township, NJ, presents a unique investment opportunity. Located at 235 Prospect Plains Road, 08831, this single-story, 1952-built land parcel is zoned for office use and boasts preliminary approvals for a medical office, though the applicant must refile with the township. The property's strategic location offers unparalleled access to major transportation arteries, including the NJ Turnpike and Route 33, placing it within easy reach of a substantial population base. The area is home to eleven adult communities, as well as prominent medical facilities such as St. Peter's and RWJ centers, creating a high-demand market for professional services. Architectural plans are included in the sale, providing a solid foundation for development. Priced at $749,000, this offering represents a compelling chance to establish a thriving business in a prime location. The buyer is responsible for conducting their own due diligence. This is a rare opportunity to acquire a well-situated commercial property with significant potential for growth and profitability. The property's existing zoning and preliminary approvals streamline the development process, minimizing potential delays and maximizing return on investment. Don't miss this chance to secure a foothold in a thriving and highly sought-after market.

    Property Features for 235 Prospect Plains Rd

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Year Built
    1952
    Stories
    1

    HighLights

    • $749,000 asking price.
    • Land and office property, commercially zoned for executive office use.
    • 0.44‑acre lot.
    • Built in 1952, one‑story building.
    • Preliminary approvals for medical office use (buyer to re‑verify).
    • Excellent location near major roadways and medical facilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Nail Salon Clothing Store Gym & Fitness Daycare Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe Township
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.4737314
    Latitude
    40.3251088

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    FAQs

    What type of property is this?
    Office Property / Space - NJ Office Land: Medical Office Potential
    Where is this office property / space located?
    The property is located at 235 Prospect Plains Rd Monroe Township, NJ.
    What is the asking price?
    The asking price for this property is $749,000.
    What are key features of this property?
    This property features: $749,000 asking price.; Land and office property, commercially zoned for executive office use.; 0.44-acre lot.
    Request Owner's contact information
    235 Prospect Plains Rd Monroe Township, NJ 08831
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    Monroe Township, 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
    235 Prospect Plains Rd Monroe Township, NJ 08831
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