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    55-57 Walnut St Penns Grove, NJ 08069

    Picture of Land at Walnut St 55-57, Penns Grove, NJ
    For Sale
    $55,000

    LAND - PENNS GROVE, NJ

    Lot size:
    0.13 Acres
    Days on Market:
    94
    Last Refresh:
    Dec 7 at 7:06 pm

    Property Features for 55-57 Walnut St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.13 Acres

    American Dream Realty of South Jersey (856) 299-6444 [email protected]

    Listing agent Joseph E. Venello Jr. (856) 299-6444 License #893531

    Listing date Sep 5, 2025

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Penns Grove Land For Sale

    Located in Penns Grove, New Jersey, this land offers an opportunity for investors or owner-occupants looking to build. The 0.13-acre lot is situated in an area seeking investment and development. Public water and sewer are available, and the area supports various ventures with access to all utilities. The property is located just off US Route 130 (Virginia Avenue), providing close proximity to major cities, highways, shopping, and event locations. Additional connecting properties on Walnut Street and Cumberland Avenue are available for development elsewhere in the borough.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Penns Grove
    County
    Salem
    State
    New Jersey
    Longitude
    -75.4673233
    Latitude
    39.72591782

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    FAQs

    What type of property is this?
    Land - Land in Penns Grove, NJ, ideal for investors or homeowners.
    Where is this land located?
    The property is located at 55-57 Walnut St Penns Grove, NJ.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: - Opportunity for new construction: build your dream house or investment property.; - Low property taxes, offering significant savings.; - Ample space for development.
    (856) 299-6444
    Request Owner's contact information
    55-57 Walnut St Penns Grove, NJ 08069
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    Penns Grove, NJ 08069
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    55-57 Walnut St Penns Grove, NJ 08069
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