Property profile

217 Washington Ave Washington, NJ 07882

OFF-MARKET
Other commercial real estate
Property ID
US59-3013250
992 SF 0.63 ac lot
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

An eight-unit retail strip center located on Route 57 in Washington, New Jersey, with a total building area of 10,227 square feet. The property is configured with central air conditioning and gas heat, includes a parking lot sized for approximately 25 vehicles, and provides two points of ingress. Each suite is served by a separate electric meter. The building is zoned for Central Business and is situated a short distance from downtown Washington, NJ. A roof replacement was completed in 2024.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Construction CONCRETE BLOCKS
Total area 992 SF
Lot 0.63 ac (27,360 SF)
Zoning code B1
APN 21 00101-0000-00018
UPID US59-3013250

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Tax Preparation
  • Nail Salon
  • Grocery & Convenience Store Food Market
  • Barber Shop
  • Employment Agency

Location

217 Washington Ave Washington, NJ 07882-2176
Washington metro Census 32000 ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.32M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.39M

Owner & transaction history

since 2021
Last sale
$1.2M
5 recorded transactions
2023
Price N/A
2021
$1.2M
2004
$1.2M
2000
Price N/A
2000
$850,000

Zoning & alternative use

B1 · Washington, NJ

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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