235 Prospect Plains Rd, Monroe Township, NJ 08831
This exceptional 0.44-acre commercial property in Monroe Township, NJ, presents a unique investment opportunity. Located at 235 Prospect Plains Road, 08831, this single-story, 1952-built land parcel is zoned for office use and boasts preliminary approvals for a medical office, though the applicant must refile with the township. The property's strategic location offers unparalleled access to major transportation arteries, including the NJ Turnpike and Route 33, placing it within easy reach of a substantial population base. The area is home to eleven adult communities, as well as prominent medical facilities such as St. Peter's and RWJ centers, creating a high-demand market for professional services. Architectural plans are included in the sale, providing a solid foundation for development. Priced at $749,000, this offering represents a compelling chance to establish a thriving business in a prime location. The buyer is responsible for conducting their own due diligence. This is a rare opportunity to acquire a well-situated commercial property with significant potential for growth and profitability. The property's existing zoning and preliminary approvals streamline the development process, minimizing potential delays and maximizing return on investment. Don't miss this chance to secure a foothold in a thriving and highly sought-after market.
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.