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Property profile & analytics
OFF-MARKET
Land

246 Nj-31 Washington, NJ 07882

12 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 12 ac (522,720 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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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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