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    76 Route 31 Washington, NJ 07882

    Sponsored
    For Sale
    $245,000

    Route 31 N Office & Warehouse

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 76 Route 31 N in Washington Borough, New Jersey, 07882, presents a unique investment opportunity. Priced at $245,000, this single-story building boasts a versatile layout ideal for mixed-use purposes, thanks to its B1 zoning. The main level features a four-room office suite complete with a hallway and powder room. Descending a short flight of steps, or utilizing a convenient ramp, leads to a substantial lower level. This area comprises approximately 2000 square feet of warehouse/garage space, equipped with ceiling-high racking systems and external access suitable for large delivery trucks. The pre-installed shelving provides immediate functionality. The 0.115-acre lot offers significant potential for expansion or redevelopment. The property is being sold "as-is" and is currently vacant. This prime location on Route 31 North ensures high visibility and accessibility, making it an attractive proposition for a variety of commercial ventures. The property's features, including the office space and extensive warehouse area, provide a blend of functionality and potential for diverse uses. This is a rare opportunity to acquire a well-situated commercial property in a thriving New Jersey community.

    Property Features for 76 Route 31

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Stories
    1

    HighLights

    • $245,000 asking price.
    • 0.115‑acre land parcel with a commercial building in Washington Borough, NJ.
    • Mixed‑use B1 zoning allows for multiple possibilities.
    • Main level features a four‑room office, hallway, and powder room.
    • Lower level includes approximately 2,000 sq ft of warehouse/garage space with built‑in racking, and external loading access.
    • Sold as‑is, vacant.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Warren
    State
    New Jersey
    Longitude
    -74.9763796
    Latitude
    40.76257

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    FAQs

    What type of property is this?
    Office Property / Space - Route 31 N Office & Warehouse
    Where is this office property / space located?
    The property is located at 76 Route 31 Washington, NJ.
    What is the asking price?
    The asking price for this property is $245,000.
    What are key features of this property?
    This property features: $245,000 asking price.; 0.115-acre land parcel with a commercial building in Washington Borough, NJ.; Mixed-use B1 zoning allows for multiple possibilities.
    Request Owner's contact information
    76 Route 31 Washington, NJ 07882
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    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
    76 Route 31 Washington, NJ 07882
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