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    OFF-MARKET
    Commercial real estate

    Butcher Rd, Monroe, NJ 08831

    5 ac lot Built 1934
    Property ID
    Property summary
    AI-generated overview

    This exceptional 6.4-acre commercial property in Monroe, NJ, presents a unique investment opportunity. Strategically located at the intersection of Route 33 and Applegarth/Butcher Road, it offers unparalleled access to major transportation arteries, including the NJ Turnpike (Exit 8), Routes 130 & 9, and easy commutes to NYC, Philadelphia, and the Jersey Shore. The Route 33 corridor is experiencing significant growth, with numerous large-scale industrial, residential, and retail developments underway. The property boasts a highly desirable H-D Highway Development District zoning, allowing for a wide range of uses, including business and professional offices, shopping centers, auto sales, wholesale/distribution, data processing, restaurants, medical facilities, hotels/motels, and limited development parks. The mostly cleared, level, and dry land (buyer to verify wetlands) comprises two parcels – a 1.4-acre parcel and a 5-acre parcel – totaling 6.4 acres with 650 feet of frontage on Butcher Road. Currently featuring two residential homes and several storage buildings, the property is ideally suited for large-scale distribution warehouses (potentially up to 200,000 square feet, subject to buyer's evaluation), smaller warehouses for equipment/vehicle storage, a large residential home with business operations, a medical office building, a hotel/motel, or a commercial recreation center. Real estate taxes are $17,642 annually. The asking price for both lots is $2,950,000.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1934
    Lot 5 ac (217,800 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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