246 Nj-31 Washington, NJ 07882
- Land
- 12.00 lot acres
Current Use by Public Records
- Land
Property Details for 246 Nj-31
- Lot size
- 12.00 lot acres
- Property type
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Washington
- County
- Warren
- State
- New Jersey
- Longitude
- -74.9776
- Latitude
- 40.7471
