2299 Fries Ml RdMonroe, NJ 08094

Property Details for 2299 Fries Ml Rd

Year built

1900

Construction

BRICK

Lot size

0.92 AC

Property size (Sq ft)

3,109 SF

Property type

Other commercial real estate

APN

11 15001-0000-00005- 01

APU

111500100000000501

Description

This exceptional 23.9-acre parcel presents a unique opportunity for retail development in Monroe, New Jersey. Strategically located on the southwest corner of Route 322 and Fries Mill Road, this property boasts high visibility and accessibility. The site is divisible into lots ranging from one to seven acres, offering flexibility for various retail concepts. Currently vacant, this land is ideal for ground lease or purchase options. New intersection improvements are underway, further enhancing accessibility and visibility. The property's designation as a "Need of Redevelopment" area opens the door to potential tax abatements, making this an even more attractive investment. The site's significant advantage is its proximity to substantial new residential developments, ensuring a strong and growing customer base. With lot sizes ranging from one to seven acres, and a total acreage of approximately 23.9 acres, this property offers a compelling opportunity for developers seeking a prime location in a thriving market. The flexible lot sizes allow for a variety of development scenarios, from single-tenant buildings to multi-tenant shopping centers. The potential for tax abatements further enhances the financial attractiveness of this development opportunity. This is a rare chance to secure a prominent retail location in a rapidly growing area of Gloucester County.

• Alternative Use

  Use

  Valuation

  Residential

  $1,027,692

  Hospitality

  $941,360

  Educational

  $783,201

  Medical

  $810,136

  Retail

  $1,218,312

Location Insight

City

Williamstown

County

Gloucester

State

New Jersey

Latitude

39.6944

Longitude

-75.0527

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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