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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

456 Rte 31 Washington Township, NJ 07882

3,084 SF 2.38 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Total area 3,084 SF
Lot 2.38 ac (103,673 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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