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    238 Chestnut Ave Vineland, NJ 08360

    For Sale
    $725,000

    High-traffic corner lot, 8,000 sq ft.

    Property size:
    8,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 8,000 square foot multi-family property located at 238 W Chestnut Avenue in Vineland, NJ presents a compelling investment opportunity. Situated on a highly visible 0.35-acre corner lot, this building enjoys significant daily traffic exposure, averaging 14,000 cars passing by. Previously used as a medical building, the property offers immense flexibility for a variety of uses. The building's design incorporates separate utilities for each unit, allowing for efficient management and potential for multiple tenants. Currently, one unit is leased, providing immediate income generation for the new owner. The property's prime location and substantial size make it an ideal choice for owner-occupants seeking a blend of business and residential space, or for investors looking to capitalize on a high-traffic area with strong rental potential. The building's adaptable layout and existing infrastructure offer a solid foundation for a variety of commercial ventures. This is a rare opportunity to acquire a well-positioned multi-family property in a thriving area of Vineland, New Jersey. The asking price is $725,000.

    Property Features for 238 Chestnut Ave

    General Information

    Property type
    Residential income properties
    Square Feet
    8,000 SF
    Lot Size
    15,246 SF

    Building Details

    Year Built
    1949
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Guzman E MD Doctor HR Payroll Payroll Service Michael Monter Podiatrist Christopher Garbowski Podiatrist Tedman Tan Podiatrist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Vineland
    County
    Cumberland
    State
    New Jersey
    Longitude
    -75.03179
    Latitude
    39.47958

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    FAQs

    What type of property is this?
    Residential income property - High-traffic corner lot, 8,000 sq ft.
    Where is this residential income property located?
    The property is located at 238 Chestnut Ave Vineland, NJ.
    What is the asking price?
    The asking price for this property is $725,000.
    (856) 369-1000
    Request Owner's contact information
    238 Chestnut Ave Vineland, NJ 08360
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    Vineland, NJ 08360
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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
    238 Chestnut Ave Vineland, NJ 08360
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