2922 Fries Ml Rd Williamstown, NJ 08094-3684

Property Details for 2922 Fries Ml Rd

Year built

1990

Construction

FRAME

Lot size

1.82 lot acres

Property size

1,856 SF

Property type

Commercial real estate

APN

11 14701-0000-00001- 02

APU

111470100000000102

Description

This exceptional mixed-use investment opportunity in Williamstown, New Jersey, presents a compelling combination of income-generating properties and significant development potential. The property encompasses three lots (Block 14701, Lots 1.02, 1.01, and 2.0 on the Monroe Township Tax Map), offering a diverse portfolio of income streams. The main feature is a two-story, approximately 2,000 square foot office building situated on Lot 1.02. This building boasts separate entrances and utilities for each floor, currently leased to two tenants. The second floor generates $2,300 per month in rental income, which includes access to half of a large detached storage building (38' x 42' with a 12' overhead door and 16' ceiling). The first floor, currently occupied by the owner, generates $4,200 per month in rental income, also including access to the other half of the same storage building. Additionally, Lot 2 features a fully renovated, approximately 900 square foot single-family unit, currently rented for $1,600 per month. This results in a total monthly rental income of $8,100. Finally, Lot 1.01 comprises approximately 4.72 acres of vacant commercially zoned land. The property benefits from private water and sewer services. This property offers a strong current income stream with potential for future expansion and development on the vacant land, making it an ideal investment for discerning buyers. The property is priced at $1,400,000.