3059 Englishtown Rd, Monroe Township, NJ 08831
This exceptional 1.24-acre commercial property in Monroe Township, NJ, presents a unique investment opportunity. Located at 3059 Englishtown Road (zip code 08831), this property features a 2400 square foot building currently operating as an educational center, offering immediate income potential or redevelopment possibilities. Built in 1920, the single-story structure sits on a spacious lot, providing ample room for expansion or customization. The property's prime location in a high-traffic area ensures excellent visibility and accessibility, attracting a steady stream of potential customers. Monroe Township has experienced significant residential growth in recent years, adding over 4,600 new dwelling units since 2009, creating increased demand for commercial services. This surge in residential development, encompassing single-family homes, townhomes, and multifamily units, makes this property particularly attractive for businesses catering to the growing community. The asking price is $949,000. The existing building provides a solid foundation for immediate use or a complete renovation, allowing for a wide range of commercial ventures. This property offers a compelling blend of existing infrastructure and future development potential, making it an ideal investment for discerning buyers seeking a foothold in a thriving New Jersey market. The property's versatility and location within a rapidly expanding community make it a truly exceptional opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.