31 Willow St Washington, NJ 07882-2113
Property summary
This exceptional 8,565-square-foot light industrial building, situated on a 0.45-acre lot in Washington, NJ, presents a compelling investment opportunity. Currently configured as a kitchen fabrication shop, the property boasts immense versatility and potential for diverse uses. The spacious interior includes a partial basement, ideal for additional storage, enhancing the overall functionality. Access is convenient with a 10-foot overhead door and accessible double doors near the front entrance. Three natural gas heating units ensure efficient climate control. The property is connected to public water and sewer services, simplifying operations. The layout allows for the potential division into two separate units, providing flexibility for multiple tenants or expansion opportunities. Ample parking is available in a lower lot, accommodating employees and clients. This property offers a unique blend of space, accessibility, and adaptability, making it an attractive prospect for a wide range of businesses. The asking price for the building alone is $499,000. An additional option exists to purchase the building along with the existing business and all equipment for $699,000. This presents a turnkey solution for an established business or a savvy entrepreneur looking to enter the market.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Zoning & alternative use
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
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
I · Washington, NJZoning
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Zoning designation
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