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    W Main St And Delaware Ave Penns Grove, NJ 08069

    For Sale
    $5,000,000

    COMMERCIAL - PENNS GROVE, NJ

    Lot size:
    14.00 Acres
    Days on Market:
    53
    Last Refresh:
    Dec 15 at 2:06 am

    Property Features for W Main St And Delaware Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    14.00 Acres

    Utilities

    Water front features
    Navigable Water, Waterfront
    Water front
    1

    Keller Williams Realty Atlantic Shore (609) 484-9890 [email protected]

    Listing agent Matthew H Haviland (609) 484-9890 License #568354

    Listing date Oct 24, 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

    Riverfront Land for Mixed-Use Development

    This property consists of approximately 14+ acres, with Block 57 Lot 1 being the main riverfront parcel. The site is currently zoned for commercial development, and the owners are in the process of obtaining approval for residential and mixed-use development. Riparian rights are included with the property. The location is within the Philadelphia-Wilmington-Atlantic City consolidated metropolitan statistical area, which encompasses approximately four million people within a 30-mile radius. Situated within two miles of Interstate 295, the Riverwalk is accessible from the Delaware Memorial Bridge, Commodore Barry Bridge, I-95, and the New Jersey Turnpike. It is reachable in 35 minutes from Philadelphia, 30 minutes from the Main Line, 15 minutes from Wilmington, and 20 minutes from Newark, DE. The property is located in Penns Grove, NJ.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Penns Grove
    County
    Salem
    State
    New Jersey
    Longitude
    -75.47485209
    Latitude
    39.73239313

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    FAQs

    What type of property is this?
    Commercial land - 14+ acres zoned for commercial, residential, and mixed-use development.
    Where is this commercial land located?
    The property is located at W Main St And Delaware Ave Penns Grove, NJ.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: - 14+ acre RIVERFRONT parcel with riparian rights.; - Zoned for commercial development WITH POTENTIAL for residential and mixed-use development.; - Located within a consolidated metropolitan statistical area of approximately four million people.
    (609) 484-9890
    Request Owner's contact information
    W Main St And Delaware Ave 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
    W Main St And Delaware Ave Penns Grove, NJ 08069
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