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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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