2922 Fries Mill RdWilliamstown, NJ 08094

Property Details for 2922 Fries Mill Rd

Year built

1990

Construction

FRAME

Lot size

1.82 AC

Property size (Sq ft)

1,856 SF

Property type

Commercial real estate

APN

11 14701-0000-00001- 02

APU

111470100000000102

Description

This exceptional mixed-use investment opportunity in Williamstown, New Jersey, presents a compelling combination of income-generating properties and significant development potential. The property encompasses three lots (Block 14701, Lots 1.02, 1.01, and 2.0 on the Monroe Township Tax Map), offering a diverse portfolio of income streams. The main feature is a two-story, approximately 2,000 square foot office building situated on Lot 1.02. This building boasts separate entrances and utilities for each floor, currently leased to two tenants. The second floor generates $2,300 per month in rental income, which includes access to half of a large detached storage building (38' x 42' with a 12' overhead door and 16' ceiling). The first floor, currently occupied by the owner, generates $4,200 per month in rental income, also including access to the other half of the same storage building. Additionally, Lot 2 features a fully renovated, approximately 900 square foot single-family unit, currently rented for $1,600 per month. This results in a total monthly rental income of $8,100. Finally, Lot 1.01 comprises approximately 4.72 acres of vacant commercially zoned land. The property benefits from private water and sewer services. This property offers a strong current income stream with potential for future expansion and development on the vacant land, making it an ideal investment for discerning buyers. The property is priced at $1,400,000.

• Alternative Use

  Use

  Valuation

  Residential

  $613,574

  Hospitality

  $562,030

  Educational

  $467,603

  Medical

  $483,684

  Retail

  $727,382

Location Insight

City

Williamstown

County

Gloucester

State

New Jersey

Latitude

39.7102

Longitude

-75.0504

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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