Log In/Sign Up
Your email has been sent.
429 Rt-31 1,700 SF 100% Leased Retail Building Washington, NJ 07882 $1,199,000 ($705.29/SF) 4.52% Cap Rate
Investment Highlights
- Existing commercial/investment property with future land-value upside
- Ideal for owner-user, investor, developer, or land-bank buyer
- Flexible site with multiple potential use concepts, subject to municipal approvals
- Possible redevelopment, expansion, or adaptive reuse opportunity
- Existing frontage, access, parking, and utility availability
- Buyer to perform all zoning, engineering, environmental, and redevelopment due diligence
Executive Summary
**Commercial Property with Land-Value Upside | Possible Redevelopment Opportunity**
This property presents a unique opportunity for an owner-user, investor, or developer seeking both existing real estate value and future redevelopment potential. The site may be suitable for continued use as an improved commercial/investment property, adaptive reuse, expansion, or possible redevelopment, subject to municipal zoning, engineering, environmental review, and all required approvals.
With existing improvements, frontage, access, parking, and utility availability, the property offers flexibility for a wide range of potential users. The property may appeal to buyers looking for commercial use, land banking, future repositioning, or redevelopment potential.
Buyers are encouraged to conduct their own due diligence regarding permitted uses, zoning, density, site plan requirements, subdivision potential, environmental conditions, utility capacity, and redevelopment feasibility. No redevelopment approvals are represented unless specifically provided in writing.
This property presents a unique opportunity for an owner-user, investor, or developer seeking both existing real estate value and future redevelopment potential. The site may be suitable for continued use as an improved commercial/investment property, adaptive reuse, expansion, or possible redevelopment, subject to municipal zoning, engineering, environmental review, and all required approvals.
With existing improvements, frontage, access, parking, and utility availability, the property offers flexibility for a wide range of potential users. The property may appeal to buyers looking for commercial use, land banking, future repositioning, or redevelopment potential.
Buyers are encouraged to conduct their own due diligence regarding permitted uses, zoning, density, site plan requirements, subdivision potential, environmental conditions, utility capacity, and redevelopment feasibility. No redevelopment approvals are represented unless specifically provided in writing.
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
$1,199,000
Price Per SF
$705.29
Cap Rate
4.52%
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
Property Taxes
| Parcel Number | 22-00076-0000-00002 | Total Assessment | $389,700 (2026) |
| Land Assessment | $124,000 (2026) | Annual Taxes | $15,977 ($9.40/SF) |
| Improvements Assessment | $265,700 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
22-00076-0000-00002
Land Assessment
$124,000 (2026)
Improvements Assessment
$265,700 (2026)
Total Assessment
$389,700 (2026)
Annual Taxes
$15,977 ($9.40/SF)
Tax Year
2025
1 of 18
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
429 Rt-31
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.