2517 Fries Mill Rd Williamstown, NJ 08094
- Commercial real estate
- 3,366 SF
- 0.36 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2517 Fries Mill Rd
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.36 lot acres
- Property size
- 3,366 SF
- Property type
- Commercial real estate
- APN
- 11 14801-0000-00027
- APU
- 1114801000000027
Description
This exceptional 2,800 square foot commercial building, situated on a 0.36-acre lot at 2517 Fries Mill Road in Williamstown, NJ, presents a truly turnkey opportunity. Boasting double road exposure, this completely renovated property is ideal for a variety of food service businesses, including pizzerias, takeout restaurants, bakeries, or breakfast cafes. The main level features a double-door entry leading to a seating area, a potential office space with access to a finishing room, and a large kitchen equipped with brand-new sinks and a hood. A convenient storage room includes a garage door for easy deliveries. All new equipment is included. Significant upgrades include a new tankless on-demand hot water heater for the first floor, a new hot water heater for the apartment, a new HVAC system for both floors, new three-phase electrical service, and a new 30-year roof. Adding to the property's income potential is a fully renovated two-bedroom apartment on the upper level. The apartment features new flooring, a new kitchen with granite countertops, new windows, a new door, and new appliances. It also includes two bedrooms, a full bathroom, a living room, and a dining room. All necessary permits have been approved, with only the septic system installation remaining, for which approved plans are already in place. This property offers a rare combination of prime location, modern amenities, and immediate operational readiness.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $235,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $180,000
- 6.5%
- $180,000
- 7%
- $155,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $195,000
- Geo Method
- $195,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $140,000
- Retail
- $175,000
- Mixed-Use
- $180,000
- Hospitality
- $140,000
- Educational
- $190,000
- Residential Income
- $165,000
- Energy
- $155,000
- Income-Based Land
- $180,000
- Food Service
- $180,000
Location Insight
- Map
- Local Demand
- City
- Williamstown
- County
- Gloucester
- State
- New Jersey
- Longitude
- -75.0522
- Latitude
- 39.6991
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA