429 State Route 31, Washington Twp., NJ 07882

$1,199,000

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List Price
$1,199,000
MLS#
4038168
Year Built
1980
Status
ACTIVE
County
Warren
City
Washington Twp.

Property Description

**Mixed-Use Investment Property with Highway Frontage " Washington Township, NJ**Unique mixed-use investment opportunity situated on approximately **1.13 acres** in a commercial district of **Washington Township, NJ 07882**. The property offers multiple income streams and excellent visibility, featuring **over 325 feet of highway road frontage**.The site includes a **commercial building currently rented**, a **single-family home currently rented**, and **seven mobile home pad sites**. The mobile homes are **tenant-owned** and pay land lease rent to the landlord, creating a diversified income structure with limited ownership responsibility for the mobile home units themselves.This property is ideal for an investor seeking a multi-income asset with commercial zoning characteristics, strong road exposure, and potential long-term upside. With its combination of residential rental income, commercial rental income, and land lease revenue, the property presents a rare opportunity in the Washington Township market.Prospective buyers should perform their own due diligence regarding permitted uses, zoning, leases, income, expenses, and any future redevelopment or expansion potential.

Additional Information

Taxes
$16,371
Cooling
See Remarks
Exterior
Brick/Block, See Remarks
Heating
See Remarks
Roof
Asphalt Shingle, Flat
Sewer
Septic
Water
Shared Well

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing Courtesy Of REALTY ONE GROUP NEXT DOOR, Contact: 908-777-0599

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