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2922 Fries Mill Rd 3,600 SF 100% Leased Office Building Williamstown, NJ 08094 $1,399,000 ($388.61/SF)

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INVESTMENT HIGHLIGHTS

  • Location of the property is across from major upcoming shopping center with high traffic count.

EXECUTIVE SUMMARY

Property consists of 3 lots all zoned commercial, Block 14701, Lots 1.02, 1.01 and 2.0 on Monroe Township Tax Map. Improvements on Lot 1.02 includes a two story office building in excellent condition, approximately 2,000 square feet (1,000 square feet on each level) with separate entrances and utilities. Second floor tenant pays $2,300.00 per month which also includes a detached 38' x 42' storage building with 12' overhead door, 16' ceiling, separate gas and electric. First floor owner is tenant pays $4,200.00 per month which also includes the other half of the storage building, 38' x 42' with 12' overhead door and 16' ceiling. Improvement on Lot 2 is a single family unit, approximately 900 square feet which has been totally rehabbed , rent is $1,600.00 per month. Total rental income $8,100.00 per month. Lot 1.01 is vacant land, approximately 4.72 acres. Private W/S. All lots are commercially zoned.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
3,600 SF
Building Class
C
Year Built
1990
Price
$1,399,000
Price Per SF
$388.61
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,600 SF
Building FAR
0.01
Lot Size
6.47 AC
Zoning
BP - Business Professional
Parking
8 Spaces (2.22 Spaces per 1,000 SF Leased)

AMENITIES

  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
11-14701-0000-00001-02
Land Assessment
$83,200
Improvements Assessment
$151,500
Total Assessment
$234,700
  • Listing ID: 29751812

  • Date on Market: 10/10/2023

  • Last Updated:

  • Address: 2922 Fries Mill Rd, Williamstown, NJ 08094

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