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    198 Fries Mill Rd Washington Township, NJ 08012
    Property profile & analytics

    198 Fries Mill Rd Washington Township, NJ 08012


    • Banks
    • 31,261 SF
    • 7.09 lot acres
    Retail Building Near Hospitals For Lease
    $6,275,000
    5,600 SF

    Retail Building Near Hospitals

    Proposed retail building divisible into smaller units.

    198 Fries Mill Rd, Washington Township, NJ 8012
    View Listing
    Property ID
    US59-3171878
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $6,275,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Banks

    Property Details for 198 Fries Mill Rd

    Year built
    2005
    Lot size
    7.09 lot acres
    Property size
    31,261 SF
    Zone code
    CI
    Property type
    Banks
    APN
    18 00115-0000-00007- 01
    APU
    180011500000000701

    Description

    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.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $5,200,000
      ML approach
      $4,990,000
    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $4,885,000
      INDUSTRIAL (GENERAL)
      $4,815,000
      OFFICE BUILDING
      $4,470,000
      APARTMENT HOUSE (5+ UNITS)
      $3,920,000

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Turnersville
    County
    Gloucester
    State
    New Jersey
    Longitude
    -75.0474
    Latitude
    39.731
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $120,130
    $886,000
    $2,569,000
    $3,455,000
    -
    $886,000
    $2,569,000
    $3,455,000
    View Listing
    More about this property
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