456 Rte 31 Washington Township, NJ 07882
This vacant 3,084 square foot storefront, formerly an urgent care facility, is situated on a 2.38-acre lot at the signalized intersection of Route 31 South and Asbury Anderson Road in Washington Township, NJ (07882). The property benefits from high visibility and significant traffic counts, with 18,406 AADT on Route 31 (NJ DOT 2020) and 4,378 AADT on Asbury Anderson Road (NJ DOT 2017). The HC zoning allows for a variety of retail or medical uses. The building features pylon signage and ample parking (per code). Nearby established businesses include Starbucks, Dunkin' Donuts, Burger King, McDonald's, 7-Eleven, ShopRite, Dollar General, and Unity Bank. The asking price is $1,500,000, with 2022 property taxes totaling $22,462.99. The property presents a unique opportunity for owner-occupancy or investment. Potential for drive-thru. This is a freestanding building with excellent potential.
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
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Property description
Physical attributes from public recordsZoning & alternative use
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.