Closed$1,099,000
TLC ≈ $8,199/mo
5 4 3,060 sqft
3 Kelton Place, Manalapan, NJ 07726
381 Mounts Mills Road, Monroe, NJ 08831
$1,700,000
0 beds 0 baths 13,500 sqft Built 19021032 days on marketActive
About this home
Prime Light Industrial / Flex Warehouse Development Opportunity 381 Mount Mills Rd presents a rare opportunity to acquire a 3.5-acre, shovel-ready site with both state approvals and conditional township approvals already in placepositioning investors, developers, and owner-users for immediate execution. The approved plans allow for the development of approximately 13, 500 SF of flex warehouse space, thoughtfully designed to accommodate a wide range of industrial, warehouse, office, and service-based uses. The property offers ample on-site parking and a flexible layout suitable for multi-tenant or single-user occupancy. Strategically located just minutes from Route 9, Route 18, and the NJ Turnpike, this site provides exceptional regional connectivity and accessibilitymaking it an ideal hub for distribution, operations, or business expansion. Whether you are looking to develop and lease for strong returns, build-to-suit for your own operations, or secure a high-potential investment in a growing corridor, this property delivers outstanding versatility and long-term value. Conceptual plans, township approvals, and survey are available for review. For additional information or to schedule a private tour, please contact the Listing Broker.
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.
Your estimated payment
$11,008/mo
- Real estate (PITI + HOA + PMI)
- $11,016
- Utilities
- $798
- Transportation
- $127
- Other (entertainment)
- $158
Principal + interest$7,710
Property tax + insurance$2,668
PMI / 2nd mortgage$638
Heating + cooling$237
Internet + TV + phone$158
Water + sewer + garbage$58
Car insurance + maintenance$127
Budget$11,508/mo
Remaining after TLC$500/mo
Purchase price
$1,700,000
Down payment
$85,000 (5%)
Loan amount
$1,615,000
APR
4%
Quick facts
Type
Commercial
Style
—
Year built
1902
Lot size
3.3 ac
Stories
1
Heating
See Remarks
Cooling
None
Water
Public
HOA
—
Annual tax
$6,994
MLS #
2352806M
County
Middlesex
At a glance
Garage
Home features
Community
Other
Parking
Garage
Flooring
Concrete, See Remarks
Roof
See Remarks
Sewer
Septic Tank
Lot features
Commercial Area, Level, See Remarks
Neighborhood — 08831
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 41,378 | 8,832,837 | 299,088,112 |
| Population Change Since1990 | 39.00% | 14.00% | 20.00% |
| Population Density | 847 | 1,137 | — |
| Male | 19,431 | 4,307,827 | 147,432,321 |
| Female | 21,947 | 4,525,010 | 151,655,844 |
| Never Married | 5,557 | 1,965,811 | 63,775,926 |
| Married | 21,680 | 3,647,435 | 123,120,365 |
| Separated | 1,293 | 391,239 | 12,639,686 |
| Widowed | 4,503 | 515,172 | 15,467,586 |
| Divorced | 1,925 | 529,393 | 23,075,029 |
| Number Of House Hold | 17,482 | 3,167,345 | 111,826,380 |
| Average House Hold Size | 2.30 | 2.73 | 2.60 |
| Medial Age | 47.08 | 37.15 | 35.46 |
| Median House Hold Income | $66,482 | $63,392 | $48,276 |
| Average House Hold Income | $85,196 | $83,312 | $63,629 |
| P C I | $36,960 | $30,662 | $24,529 |
| M D I | $54,931 | $52,505 | $41,133 |
| A T H E | $62,833 | $61,369 | $50,898 |
| S T R | 7.00% | 7.00% | — |
| W C J | 76.25% | 81.02% | 77.74% |
(Zip) Code
8831
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
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Listing information last refreshed 8/2/2024. Provided courtesy of MID-STATE REALTY via Central Jersey Multiple Listing System, INC. Information deemed reliable but not guaranteed.