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    OFF-MARKET
    Commercial real estate

    3059 Englishtown Rd, Monroe Township, NJ 08831

    Built 1920
    Entity Owned 1-yr Hold
    Property ID
    US59-0761440
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1920
    UPID US59-0761440
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    3059 Etown LLC · 1 yrs held
    3059 Etown LLC
    since 2024
    2 recorded transactions
    2024
    $860,000
    2020
    $237,500
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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