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    226 Nj-31 Washington, NJ 07882

    For Lease
    $30,000

    Two-acre commercial land lease, ideal location.

    Lot size:
    87,120 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional two-acre commercial land parcel presents a unique investment opportunity in Washington, New Jersey. Located directly on Route 31, this property boasts high visibility and convenient access for businesses. The zoning designation is GC (General Commercial), offering a wide range of permitted uses. A comprehensive list of permitted uses is available upon request. Potential development options are diverse and include, but are not limited to, self-storage facilities, restaurants, churches, banks, and even recreational ventures such as miniature golf courses. The property is offered as a single-tenant land lease, providing a straightforward and potentially lucrative investment. Situated in the Hackettstown submarket cluster, this location benefits from strong regional demographics and established commercial activity. The property's address is 226 NJ-31, Washington, NJ 07882. This is a rare opportunity to acquire a strategically located commercial land parcel with significant development potential in a thriving New Jersey market. The property is being offered for the first time. Detailed zoning information is available for review. This is an exceptional opportunity for investors seeking a high-visibility, versatile commercial land asset.

    Property Features for 226 Nj-31

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    87,120 SF
    Total Rate
    30000

    Unit(s) available at that property

    Space
    Size
    87,120 SF
    Rate per SF
    $30,000

    HighLights

    • Two‑acre commercial land parcel in Washington, NJ, directly on Route 31, offering high visibility and easy access.
    • Zoned GC (General Commercial), allowing diverse uses including self‑storage, restaurants, and retail. Detailed permitted use list available.
    • Single‑tenant land lease opportunity in the Hackettstown submarket, boasting strong demographics and commercial activity.
    • Located at 226 NJ‑31, Washington, NJ 07882. This is a first‑time offering with significant development potential.
    • High‑visibility, versatile commercial land asset in a thriving New Jersey market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Washington
    County
    Warren
    State
    New Jersey
    Longitude
    -74.979377542267
    Latitude
    40.771252003462

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    FAQs

    What type of property is this?
    Land - Two-acre commercial land lease, ideal location.
    Where is this land located?
    The property is located at 226 Nj-31 Washington, NJ.
    What is the lease rate?
    The lease rate is $30,000.
    What are key features of this property?
    This property features: Two-acre commercial land parcel in Washington, NJ, directly on Route 31, offering high visibility and easy access.; Zoned GC (General Commercial), allowing diverse uses including self-storage, restaurants, and retail. Detailed permitted use list available.; Single-tenant land lease opportunity in the Hackettstown submarket, boasting strong demographics and commercial activity.
    Request Owner's contact information
    226 Nj-31 Washington, NJ 07882
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    226 Nj-31
    Washington, NJ 07882
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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
    226 Nj-31 Washington, NJ 07882
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