Property summary
This exceptional 23.9-acre parcel presents a unique opportunity for retail development in Monroe, New Jersey. Strategically located on the southwest corner of Route 322 and Fries Mill Road, this property boasts high visibility and accessibility. The site is divisible into lots ranging from one to seven acres, offering flexibility for various retail concepts. Currently vacant, this land is ideal for ground lease or purchase options. New intersection improvements are underway, further enhancing accessibility and visibility. The property's designation as a "Need of Redevelopment" area opens the door to potential tax abatements, making this an even more attractive investment. The site's significant advantage is its proximity to substantial new residential developments, ensuring a strong and growing customer base. With lot sizes ranging from one to seven acres, and a total acreage of approximately 23.9 acres, this property offers a compelling opportunity for developers seeking a prime location in a thriving market. The flexible lot sizes allow for a variety of development scenarios, from single-tenant buildings to multi-tenant shopping centers. The potential for tax abatements further enhances the financial attractiveness of this development opportunity. This is a rare chance to secure a prominent retail location in a rapidly growing area of Gloucester County.
Property profile
VerifiedCap rate & NOI
Current use
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Advocacy Group
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Family Recreation Center
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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