852 State Rte 33 Hwy, Monroe Township, NJ 08831
This exceptional 7.2-acre commercial land parcel presents a unique investment opportunity in the thriving Route 33 Corridor of Monroe Township, New Jersey. Located at 852 State Route 33 Highway, zip code 08831, this property boasts a highly desirable location within a designated highway development zone. The asking price is $1,350,000. The land itself measures 7.6 square feet, and a significant feature of this offering is the inclusion of a single-family four-bedroom home on the property. This existing structure could be utilized in a variety of ways, potentially as on-site management housing or repurposed to suit the needs of a future development. The property's zoning allows for a wide range of commercial uses, including storage facilities, retail spaces, office buildings, medical practices, and dental offices. Built in 1962, the home is situated on a two-story structure. This versatile property offers significant potential for developers and investors seeking a strategic location with diverse development possibilities within a rapidly growing area. Further details regarding zoning and permitted uses are available upon request. This is a rare opportunity to acquire a substantial commercial land parcel with an existing structure in a prime New Jersey location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.