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Property profile & analytics
FOR LEASE
Banks

198 Fries Mill Rd Washington Township, NJ 08012

31,261 SF 7.09 ac lot Built 2005
Entity Owned Free & Clear
Property ID
US59-3171878
198 Fries Mill Rd, Washington Township, NJ 08012 For Lease
$29 SF/Yr 5,600 SF available
198 Fries Mill Rd, Washington Township, NJ 08012
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Property summary
AI-generated overview

Fries Mill Plaza, located at 198 Fries Mill Rd, Washington Township, NJ 08012, offers exceptional retail space in a prime location. This Class B center, built in 2006, comprises two single-story buildings totaling 30,719 square feet, situated on 7.01 acres of land. Currently, 8,200 square feet of retail space is available, offering flexible options for tenants. Spaces range from a minimum of 1,500 square feet to a maximum contiguous space of 5,600 square feet. Several configurations are possible, including three units totaling approximately 5,255 square feet (divisible into 1,500, 1,500, and 2,255 square feet), or a potential assemblage of approximately 8,277 square feet using additional available suites. A separate pad site of approximately 5,700 square feet is also available, with utilities already stubbed. The property enjoys a highly visible corner location at Fries Mill Road and Waston Drive, conveniently situated midway between Virtua Hospital and Kennedy-Jefferson Hospital. Strong surrounding retail includes Target and Lowe's Home Improvement, and a dense residential population, including a garden apartment complex directly across Fries Mill Road, ensures a robust customer base. This presents a unique opportunity for businesses seeking high-traffic visibility and convenient access to a substantial consumer market in a well-established retail center.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 2005
Total area 31,261 SF
Lot 7.09 ac (308,840 SF)
Zoning code CI
APN 18 00115-0000-00007- 01
UPID US59-3171878
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
AI Approach AI
$4.99M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.28M
Owner & transaction history
Price Manor Properties LLC
Price Manor Properties LLC
since 2025
Last sale
$7.5M
2 recorded transactions
2025
$7.5M
2022
$4.6M
Zoning & alternative use
CI · Turnersville, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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