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    114 Hanover St Pemberton, NJ 08068

    For Sale
    $300,000

    Prime Retail Location, Redevelopment Zone

    Property size:
    1,288 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 1,288 square foot retail property, situated on a 0.12-acre lot at 114 Hanover Street in Pemberton, NJ, presents a compelling investment opportunity. Currently configured as a retail space, the property boasts a versatile layout ideal for a variety of commercial uses. The existing structure includes two half bathrooms and a loft-style office area, providing ample space for both customer interaction and administrative functions. Its strategic location offers unparalleled convenience, with close proximity to Joint Base McGuire-Dix-Lakehurst and Deborah Heart and Lung Center, ensuring high visibility and accessibility to a substantial customer base. Furthermore, the property benefits from its placement within an aggressive fast-track redevelopment zone, signifying significant potential for future growth and appreciation. This presents a unique chance to capitalize on the area's revitalization efforts and establish a thriving business in a dynamic and expanding community. The asking price of $300,000 reflects the property's considerable potential and prime location. Serious inquiries are encouraged to explore the possibilities this property offers. Don't miss this chance to own a piece of Pemberton's vibrant future.

    Property Features for 114 Hanover St

    General Information

    Property type
    Retail properties
    Square Feet
    1,288 SF
    Lot Size
    5,227 SF

    Building Details

    Year Built
    1940
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Clothing Store Building Supply Gym & Fitness Skin Care Clinic Accounting Firm Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Pemberton
    County
    BURLINGTON
    State
    New Jersey
    Longitude
    -74.68313
    Latitude
    39.97165

    Nearby Comparable

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    Nearby Similar for Sale

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    • $375,000
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      Mixed-Use Investment Opportunity, Pemberton

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      View Details
    • $349,000

      Mixed-Use Property on Magnolia Road

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Location, Redevelopment Zone
    Where is this retail property located?
    The property is located at 114 Hanover St Pemberton, NJ.
    What is the asking price?
    The asking price for this property is $300,000.
    (609) 298-4800
    Request Owner's contact information
    114 Hanover St Pemberton, NJ 08068
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    Pemberton, NJ 08068
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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
    114 Hanover St Pemberton, NJ 08068
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