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    OFF-MARKET
    Industrial properties

    31 Willow St, Washington, NJ 07882-2113

    8,565 SF 0.45 ac lot
    Individually Owned 19-yr Hold Free & Clear
    Property ID
    US59-3167880
    Property summary
    AI-generated overview

    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
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Construction BRICK
    Total area 8,565 SF
    Lot 0.45 ac (19,515 SF)
    Zoning code I
    APN 21 00100-0000-00057- 02
    UPID US59-3167880
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Rudy Grasser · 19 yrs held
    Rudy Grasser
    since 2007
    1 recorded transaction
    2007
    $279,500
    Zoning & alternative use
    I · Washington, NJ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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