177 Washington Valley RdWarren, NJ 07059

Property Details for 177 Washington Valley Rd

Construction

CONCRETE BLOCKS

Lot size

13.83 AC

Zone code

CB

Property type

Retail properties

Property subtype

Super regional malls

APN

20 00075-0000-00003- 03

APU

200007500000000303

Description

This exceptional 101,706 square foot medical office and retail property, located at 177 Washington Valley Road in Warren, New Jersey (Somerset County, zip code 07059), presents a unique investment opportunity. The property, known as Pheasant Run Plaza, sits on a generous 14.86-acre lot and offers ample parking with 544 spaces. The building is comprised of four suites, with a total of 101,706 square feet, currently featuring 8,400 square feet of vacant space available for lease. The minimum leasable space is 1,600 square feet, while the maximum contiguous space available is 3,200 square feet. The property's diverse tenant mix includes medical offices, anchored retail, a shopping center, food establishments, specialty fitness centers, and general retail businesses, creating a vibrant and thriving commercial environment. This prime location in Warren, NJ offers excellent visibility and accessibility, making it an ideal location for a variety of businesses. The property's versatile layout and ample parking make it an attractive option for businesses seeking a well-established and convenient location. Contact us today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $146,412,736

  6.5%

  $135,150,224

  7%

  $125,496,632

• Comparable approach

  Method

  Valuation

  Relative Method

  $198,359,680

  Geo Method

  $198,359,680

• Alternative Use

  Use

  Valuation

  Residential

  $114,004,264

  Hospitality

  $104,427,296

  Educational

  $86,882,280

  Medical

  $89,870,296

  Retail

  $135,150,224

Location Insight

City

Warren

County

Somerset

State

New Jersey

Latitude

40.6153

Longitude

-74.4966

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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