198 Fries Ml Rd Washington Township, NJ 08012
- Banks
- 31,261 SF
- 7.09 lot acres
Current Use by Public Records
- Banks
Property Details for 198 Fries Ml 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 Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $5,200,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,770,000
- 6.5%
- $4,635,000
- 7%
- $4,170,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $4,650,000
- Geo Method
- $4,680,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,610,000
- Retail
- $4,390,000
- Mixed-Use
- $4,290,000
- Hospitality
- $4,255,000
- Educational
- $4,230,000
- Residential Income
- $4,845,000
- Energy
- $4,415,000
- Income-Based Land
- $3,880,000
- Food Service
- $5,330,000
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
