246 Nj-31 Washington, NJ 07882
This exceptional 12-acre commercial land parcel, located at 246 NJ Route 31 South in Washington, Warren County, NJ 07882, presents a unique investment opportunity. Situated at the strategic intersection of Springtown Road and Route 31 (Block 65, Lot 1.01), this property boasts a highly desirable Business Commercial zoning designation, making it suitable for a wide range of retail uses. Potential development options include, but are not limited to, banks, medical/urgent care facilities, fast-food restaurants, daycare centers, and convenience stores. The property's size and location offer significant potential for high visibility and accessibility. While some wetlands are present, the majority of the land is readily developable. An existing pylon sign on the property generates monthly income via a month-to-month lease, offering immediate return potential. The asking price for this exceptional property is $490,000. A ground lease or build-to-suit arrangement may be negotiable. The current lease on the pylon sign expires May 1, 2025, representing a remaining lease term of approximately 0.4 years. This property is being offered for sale by owner. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.