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    59-61 Walnut St Penns Grove, NJ 08069

    For Sale
    $145,000

    LAND - PENNS GROVE, NJ

    Lot size:
    0.06 Acres
    Days on Market:
    43
    Last Refresh:
    Dec 15 at 1:06 am

    Property Features for 59-61 Walnut St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.06 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 Nov 3, 2025

    MLS# NJSA2013292 Listing URL

    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 Opportunity

    This is an opportunity to acquire several lots bundled together. The sale includes parcels in Block 73: lots 1, 20, 19; lot 2; and lots 4, 5, 6, 7, 8. The area supports most any venture with access to all utilities. The location is centrally in Historic Penns Grove, blocks from the Delaware River waterfront, Interstate 295, US Route 130, Delaware Memorial Bridge, and the NJ Turnpike. Philadelphia is 40 minutes away. The combined lots offer the choice to build single-family homes or utilize the adjoining lots and build multiple residential structures, or consider commercial development. There are adjoining properties on Walnut and also connecting properties on the intersecting street of Cumberland Avenue and Lincoln, adding to the possibilities for this area. The total lot size is 0.06 acres. This property can also be purchased as part of a package deal.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    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
    -75.46720123
    Latitude
    39.72586823

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    FAQs

    What type of property is this?
    Land - Multiple lots in historic Penns Grove, close to waterfront.
    Where is this land located?
    The property is located at 59-61 Walnut St Penns Grove, NJ.
    What is the asking price?
    The asking price for this property is $145,000.
    What are key features of this property?
    This property features: - Multiple adjoining lots included, offering various development possibilities.; - Prime location in Historic Penns Grove, close to the Delaware River waterfront.; - Convenient access to major transportation routes: I-295, US Route 130, Delaware Memorial Bridge, and NJ Turnpike.
    (856) 299-6444
    Request Owner's contact information
    59-61 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
    59-61 Walnut St Penns Grove, NJ 08069
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