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31 Willow St Washington, NJ 07882-2113

OFF-MARKET Industrial properties Google Maps
8,565 SF 0.45 ac lot
Individually Owned 19-yr Hold Free & Clear
Estimated value (blended)
$330k
Range $297k – $363k (±10%)
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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$360k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2007
1 recorded transaction
2007
$279,500

Zoning & alternative use

I · Washington, NJ

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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