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    292 Radix Rd Monroe, NJ 08094

    For Sale
    $989,000

    Vacant Refrigerated Warehouse, Monroe, NJ

    Property size:
    2,520 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional investment opportunity presents a 2,520 square foot vacant refrigerated/cold storage building situated on over 10 acres in Monroe, New Jersey. The property, zoned R-2 (with cluster options available), boasts a former greenhouse operation including a substantial concrete slab cold storage facility, approximately 1600 square feet of office/garage space, and numerous aluminum frame greenhouses. Three irrigation wells are also located on the site. The property is being sold "as is" and includes a custom-built log cabin featuring two bedrooms, two and a half bathrooms, a stone fireplace, hardwood floors, a spacious kitchen, a finished basement with a custom bar, and a newer gas boiler/hot water heater. The expansive acreage offers significant agricultural and development potential. The property's address is 292 Radix Rd, Monroe, NJ 08094, and is conveniently located in Gloucester County. The asking price for this unique property is $989,000. This is a rare chance to acquire a versatile property with multiple income-generating possibilities. The property includes Block 2201 Lots 18.01 Qfarm, 20, 20 Qfarm, 21 and 21 Qfarm.

    Property Features for 292 Radix Rd

    General Information

    Property type
    Refrigerated & Cold Storages
    Square Feet
    2,520 SF
    Lot Size
    435,600 SF

    HighLights

    • $989,000 asking price.
    • 2,520 SF retail/industrial building with refrigerated/cold storage capabilities.
    • Vacant, single‑tenant property.
    • Situated on a 10‑acre lot in Monroe, NJ (08094), zoned R‑2.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Refrigerated & Cold Storages

    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
    -74.9802188
    Latitude
    39.6940067

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    FAQs

    What type of property is this?
    Refrigerated / Cold Storage - Vacant Refrigerated Warehouse, Monroe, NJ
    Where is this refrigerated / cold storage located?
    The property is located at 292 Radix Rd Monroe, NJ.
    What is the asking price?
    The asking price for this property is $989,000.
    What are key features of this property?
    This property features: $989,000 asking price.; 2,520 SF retail/industrial building with refrigerated/cold storage capabilities.; Vacant, single-tenant property.
    Request Owner's contact information
    292 Radix 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
    292 Radix Rd Monroe, NJ 08094
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