Prospect Plains Rd Monroe, NJ 08831
This exceptional 0.44-acre commercial property in Monroe, NJ, presents a unique investment opportunity. Currently zoned for general commercial use, it boasts preliminary approvals for a medical office, though the applicant will need to refile with the township. This makes it ideal for medical professionals or businesses seeking a high-visibility location within a thriving community. The property's strategic location offers unparalleled convenience, situated minutes from the NJ Turnpike and Route 33, providing easy access for clients and employees. The area is home to eleven established adult communities, as well as prominent healthcare facilities like St. Peter's and RWJ hospitals, ensuring a strong potential client base. Architectural plans are included in the sale, providing a solid foundation for development. The asking price is $715,000. Prospective buyers are responsible for conducting their own due diligence to verify all aspects of the property and its zoning compliance. This is a rare chance to acquire a well-situated commercial property with significant potential in a highly desirable area. The property's proximity to major roadways and established residential communities makes it an attractive proposition for a variety of commercial ventures. Don't miss this opportunity to establish your business in a prime location.
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.