198 Fries Ml RdWashington Township, NJ 08012

Property Details for 198 Fries Ml Rd

Year built

2005

Lot size

7.09 AC

Property size (Sq ft)

31,261 SF

Zone code

CI

Property type

Retail properties

Property subtype

Banks

APN

18 00115-0000-00007- 01

APU

180011500000000701

Description

Fries Mill Plaza, located at 198 Fries Mill Rd, Washington Township, NJ 08012, offers exceptional retail space in a prime location. This Class B center, built in 2006, comprises two single-story buildings totaling 30,719 square feet, situated on 7.01 acres of land. Currently, 8,200 square feet of retail space is available, offering flexible options for tenants. Spaces range from a minimum of 1,500 square feet to a maximum contiguous space of 5,600 square feet. Several configurations are possible, including three units totaling approximately 5,255 square feet (divisible into 1,500, 1,500, and 2,255 square feet), or a potential assemblage of approximately 8,277 square feet using additional available suites. A separate pad site of approximately 5,700 square feet is also available, with utilities already stubbed. The property enjoys a highly visible corner location at Fries Mill Road and Waston Drive, conveniently situated midway between Virtua Hospital and Kennedy-Jefferson Hospital. Strong surrounding retail includes Target and Lowe's Home Improvement, and a dense residential population, including a garden apartment complex directly across Fries Mill Road, ensures a robust customer base. This presents a unique opportunity for businesses seeking high-traffic visibility and convenient access to a substantial consumer market in a well-established retail center.

• CAP approach

  CAP return

  Valuation

  6%

  $13,275,299

  6.5%

  $12,254,122

  7%

  $11,378,828

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,293,097

  Geo Method

  $10,293,097

• Alternative Use

  Use

  Valuation

  Residential

  $10,336,811

  Hospitality

  $9,468,463

  Educational

  $7,877,650

  Medical

  $8,148,574

  Retail

  $12,254,122

Location Insight

City

Turnersville

County

Gloucester

State

New Jersey

Latitude

39.731

Longitude

-75.0474

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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