177 Washington Valley Rd Warren, NJ 07059
For Lease
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This exceptional 101,706 square foot medical office and retail property, located at 177 Washington Valley Road in Warren, New Jersey (Somerset County, zip code 07059), presents a unique investment opportunity. The property, known as Pheasant Run Plaza, sits on a generous 14.86-acre lot and offers ample parking with 544 spaces. The building is comprised of four suites, with a total of 101,706 square feet, currently featuring 8,400 square feet of vacant space available for lease. The minimum leasable space is 1,600 square feet, while the maximum contiguous space available is 3,200 square feet. The property's diverse tenant mix includes medical offices, anchored retail, a shopping center, food establishments, specialty fitness centers, and general retail businesses, creating a vibrant and thriving commercial environment. This prime location in Warren, NJ offers excellent visibility and accessibility, making it an ideal location for a variety of businesses. The property's versatile layout and ample parking make it an attractive option for businesses seeking a well-established and convenient location. Contact us today to learn more about this exceptional opportunity.
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In the R-65/SC zone only, senior citizen housing and uses permitted in the CB zone subject to the standards and regulations of subsection 16-11.6c hereof. f. Adult Planned Housing/PAC ("PAC" hereinafter) shall be permitted in the R-65 PAC district. Dwelling units constructed therein shall be occupied by families having a head of household 55 years of age or…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CB · Warren, NJIn the R-65/SC zone only, senior citizen housing and uses permitted in the CB zone subject to the standards and regulations of subsection 16-11.6c hereof. f. Adult Planned Housing/PAC ("PAC" hereinafter) shall be permitted in the R-65 PAC district. Dwelling units constructed therein shall be occupied by families having a head of household 55 years of age or greater and be subject to the following: 1. The purpose of this paragraph is to establish the standards and requirements for planned development that include a mix of market-priced housing and housing affordable to low and moderate income households. 2. The following shall be the requirements of a PAC in addition to other provisions of this chapter, not inconsistent with this paragraph. In case of conflict with the other provisions of this chapter, the provisions of this paragraph shall control. 3. Permitted uses: (a) Single-family detached dwellings. (b) Zero lot line dwelling units. (c) Townhouses. (d) Apartments. (e) Open space and recreation facilities. 4. Area, yard and building requirements for a PAC are as follows: (a) Minimum area and maximum density. The minimum site area for a PAC shall be 10 acres. (1) Gross Maximum Density: 3.5 dwellings/acre when 50% of all dwellings are single family detached dwellings; 3.25 dwellings/acre when 75% of all units are single detached dwellings. Density shall be proportionately reduced from 3.5 units/acre with increased percentile of single family detached dwellings above the minimum 50% requirement. (2) The following chart provides the basis for the calculated density referenced above: Density % S.F. Detached 3.5 50% 3.45 55% 3.4 60% 3.35 65% 3.3 70% 3.25 75% Interpolation shall determine exact density based upon the above chart. (b) Bulk and yard requirements. (1) Maximum lot coverage by residential buildings shall be a maximum of 20% this restriction excludes common facilities such as clubhouses, gazebos, maintenance sheds, shelters and similar structures. (2) Minimum landscaped, recreation and open space area shall be 40% of the total site. (3) Building height. No buildings shall exceed a height of two stories or 35 feet. (4) Minimum setback from all property boundaries shall be 50 feet. (5) Off-street parking. Off-street parking spaces shall be provided in accordance with applicable Residential Site Improvement Standards ("RSIS" hereinafter) N.J.S.A. 5:21-4.14 (parking).
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.
