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    FOR SALE
    Commercial real estate

    28 S Broadway, Pennsville, NJ 08070

    1,817 SF 0.5 ac lot
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US59-2821204
    Property summary
    AI-generated overview

    This exceptional mixed-use investment opportunity in Pennsville, NJ, presents a unique chance to acquire an established auto sales business encompassing three parcels totaling 0.5 acres. The property includes two existing buildings and one vacant lot, offering significant potential for expansion or diversification. The primary auto sales building, located at 18 S. Broadway, boasts approximately 250 square feet of space, including a mechanic's area and a substantial parking lot measuring 240 x 240 feet. A second building, situated at 28 S. Broadway, offers approximately 1,817 square feet of retail/office space and is complemented by a large parking area. This building sits on a 100 x 218 foot lot. Finally, a vacant lot at 4 S. Broadway, measuring 100 x 251 feet (irregular shape), presents an additional development opportunity. This lot already features a poured concrete slab, approved for construction of a new building or garage. The total building square footage is approximately 1,817 + 250 = 2,067 square feet. The property's strategic location and existing infrastructure make it an attractive investment for both established businesses and new ventures seeking a foothold in a thriving market. The property is listed at $995,000. Further details are available in MLS listings #NJSA2012984 and #NJSA2012986.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Construction BRICK
    Total area 1,817 SF
    Lot 0.5 ac (21,802 SF)
    Zoning code 4
    APN 09 02701-0000-00008
    UPID US59-2821204
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • K's Styling Salon Hair Salon Nail Salon
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Cicco Properties LLC · 3 yrs held
    Cicco Properties LLC
    since 2023
    Last sale
    $57,000
    3 recorded transactions
    2023
    $57,000
    2013
    1969
    Zoning & alternative use
    4 · Pennsville, NJ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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