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429 Rt-31 1,700 SF 100% Leased Retail Building Washington, NJ 07882 $1,200,000 ($705.88/SF) 4.51% Cap Rate
Investment Highlights
- 325 Ft. of Highway Frontage
- Immediate income over $6500 / month
- 1.13 Acres
Executive Summary
**Mixed-Use Investment Property with Highway Frontage – Washington Township, NJ**
Unique mixed-use investment opportunity situated on approximately **1.13 acres** in a commercial district of **Washington Township, NJ 07882**. The property offers multiple income streams and excellent visibility, featuring **over 325 feet of highway road frontage**.
The site includes a **commercial building currently rented**, a **single-family home currently rented**, and **seven mobile home pad sites**. The mobile homes are **tenant-owned** and pay land lease rent to the landlord, creating a diversified income structure with limited ownership responsibility for the mobile home units themselves.
This property is ideal for an investor seeking a multi-income asset with commercial zoning characteristics, strong road exposure, and potential long-term upside. With its combination of residential rental income, commercial rental income, and land lease revenue, the property presents a rare opportunity in the Washington Township market.
Prospective buyers should perform their own due diligence regarding permitted uses, zoning, leases, income, expenses, and any future redevelopment or expansion potential.
Unique mixed-use investment opportunity situated on approximately **1.13 acres** in a commercial district of **Washington Township, NJ 07882**. The property offers multiple income streams and excellent visibility, featuring **over 325 feet of highway road frontage**.
The site includes a **commercial building currently rented**, a **single-family home currently rented**, and **seven mobile home pad sites**. The mobile homes are **tenant-owned** and pay land lease rent to the landlord, creating a diversified income structure with limited ownership responsibility for the mobile home units themselves.
This property is ideal for an investor seeking a multi-income asset with commercial zoning characteristics, strong road exposure, and potential long-term upside. With its combination of residential rental income, commercial rental income, and land lease revenue, the property presents a rare opportunity in the Washington Township market.
Prospective buyers should perform their own due diligence regarding permitted uses, zoning, leases, income, expenses, and any future redevelopment or expansion potential.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$79,022
|
$46.48
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$79,022
|
$46.48
|
| Taxes |
$15,977
|
$9.40
|
| Operating Expenses |
$8,900
|
$5.24
|
| Total Expenses |
$24,877
|
$14.63
|
| Net Operating Income |
$54,145
|
$31.85
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $79,022 |
| Annual Per SF | $46.48 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $79,022 |
| Annual Per SF | $46.48 |
| Taxes | |
|---|---|
| Annual | $15,977 |
| Annual Per SF | $9.40 |
| Operating Expenses | |
|---|---|
| Annual | $8,900 |
| Annual Per SF | $5.24 |
| Total Expenses | |
|---|---|
| Annual | $24,877 |
| Annual Per SF | $14.63 |
| Net Operating Income | |
|---|---|
| Annual | $54,145 |
| Annual Per SF | $31.85 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,700 SF
Building Class
C
Year Built
1987
Price
$1,200,000
Price Per SF
$705.88
Cap Rate
4.51%
NOI
$54,145
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.04
Lot Size
1.08 AC
Zoning
HC - Highway Commercial * See attached Document for Permitted Uses
Parking
10 Spaces (5.88 Spaces per 1,000 SF Leased)
Frontage
325’ on Rt-31
Amenities
- 24 Hour Access
- Freeway Visibility
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- multiple tenants
- Rental and Leasing Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| multiple tenants | Rental and Leasing Services | - | - | - |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 22-00076-0000-00002 | Total Assessment | $389,700 |
| Land Assessment | $124,000 | Annual Taxes | $15,977 ($9.40/SF) |
| Improvements Assessment | $265,700 | Tax Year | 2025 |
Property Taxes
Parcel Number
22-00076-0000-00002
Land Assessment
$124,000
Improvements Assessment
$265,700
Total Assessment
$389,700
Annual Taxes
$15,977 ($9.40/SF)
Tax Year
2025
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429 Rt-31
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