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    4040 Nj-42 Washington Township, NJ 08012

    For Sale
    $799,890

    1.74 Acres, High-Growth Potential

    Property size:
    2,006 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 2,006 sq ft storefront property in Washington Township, NJ, presents a unique investment opportunity. Situated on two lots totaling 1.74 acres with 200 feet of frontage on NJ-42, this location offers unparalleled visibility and access. The existing building, constructed in 1950, is a two-story block structure featuring a main level with a spacious showroom (33'x37'), a large back office (33'x17'), and a half bath. The lower level includes various storage areas (16'x14', 10'x6', 11'x6'), a kitchen (19'x12'), and a full bath. Two standard pull-up garage doors provide convenient access. The property is zoned HC and currently serviced by public water and an onsite septic system. Its prime location adjacent to a proposed major commercial development ensures significant future growth potential. The asking price is $799,890 ($398.75/sq ft). This is a commercially-classed property

    Property Features for 4040 Nj-42

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,006 SF

    Building Details

    Year Built
    1950
    Buildings
    1
    Stories
    2

    HighLights

    • Public water and onsite septic.
    • Seller has not pursued further development.
    • Submit offers via email to [email protected] as a purchase proposal or LOI, including pre‑approval or proof of funds; ensure financing is commercially viable.
    • Commercially zoned property; residential financing is ineligible.
    • 1.74‑acre property (two lots) with 200 feet of frontage adjacent to a planned major commercial development; existing 2,006 sq ft building (block construction) with full basement and two garage doors.
    • Existing building features a main level showroom (33'x37'), large office (33'x17'), and half bath; lower level includes storage areas and a full bath.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Washington Township
    County
    Gloucester
    State
    New Jersey
    Longitude
    -75.039608001212
    Latitude
    39.736269032845

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    FAQs

    What type of property is this?
    Individual retail property - 1.74 Acres, High-Growth Potential
    Where is this individual retail property located?
    The property is located at 4040 Nj-42 Washington Township, NJ.
    What is the asking price?
    The asking price for this property is $799,890.
    What are key features of this property?
    This property features: Public water and onsite septic.; Seller has not pursued further development.; Submit offers via email to [email protected] as a purchase proposal or LOI, including pre-approval or proof of funds; ensure financing is commercially viable.
    Request Owner's contact information
    4040 Nj-42 Washington Township, NJ 08012
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    Washington Township, NJ 08012
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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
    4040 Nj-42 Washington Township, NJ 08012
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