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    2299 Fries Ml Rd Monroe, NJ 08094

    Sponsored
    For Sale
    Contact for pricing

    High-traffic location, flexible lots for retail development.

    Property size:
    1,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 23.9-acre parcel presents a unique opportunity for retail development in Monroe, New Jersey. Strategically located on the southwest corner of Route 322 and Fries Mill Road, this property boasts high visibility and accessibility. The site is divisible into lots ranging from one to seven acres, offering flexibility for various retail concepts. Currently vacant, this land is ideal for ground lease or purchase options. New intersection improvements are underway, further enhancing accessibility and visibility. The property's designation as a "Need of Redevelopment" area opens the door to potential tax abatements, making this an even more attractive investment. The site's significant advantage is its proximity to substantial new residential developments, ensuring a strong and growing customer base. With lot sizes ranging from one to seven acres, and a total acreage of approximately 23.9 acres, this property offers a compelling opportunity for developers seeking a prime location in a thriving market. The flexible lot sizes allow for a variety of development scenarios, from single-tenant buildings to multi-tenant shopping centers. The potential for tax abatements further enhances the financial attractiveness of this development opportunity. This is a rare chance to secure a prominent retail location in a rapidly growing area of Gloucester County.

    Property Features for 2299 Fries Ml Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    1,000 SF
    Lot Size
    43,560 SF

    HighLights

    • Retail property in Monroe, NJ, consisting of 23.9 acres, divisible into 1‑7 acre lots.
    • Located on the southwest corner of Route 322 and Fries Mill Road (2299 Fries Mill Rd, 08094).
    • Suitable for retail development; new intersection improvements underway.
    • Designated as a Need of Redevelopment area, offering potential tax abatements.
    • Lots available for purchase or ground lease.
    • Significant new residential development nearby.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Law Firm Restaurant Spa & Massage Hair Salon Clothing Store Nail Salon Grocery Store Gym & Fitness Accounting Firm Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Gloucester
    State
    New Jersey
    Longitude
    -75.052304682883
    Latitude
    39.694372030775

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    FAQs

    What type of property is this?
    Lifestyle center - High-traffic location, flexible lots for retail development.
    Where is this lifestyle center located?
    The property is located at 2299 Fries Ml Rd Monroe, NJ.
    What are key features of this property?
    This property features: Retail property in Monroe, NJ, consisting of 23.9 acres, divisible into 1-7 acre lots.; Located on the southwest corner of Route 322 and Fries Mill Road (2299 Fries Mill Rd, 08094).; Suitable for retail development; new intersection improvements underway.
    Request Owner's contact information
    2299 Fries Ml Rd Monroe, NJ 08094
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    Monroe, NJ 08094
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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
    2299 Fries Ml Rd Monroe, NJ 08094
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