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Property profile & analytics
OFF-MARKET Estimated value $60,000
Commercial real estate

28 Broadway Pennsville, NJ 08070-2037

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
$95k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$60k
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
Price N/A
1969
Price N/A
Zoning & alternative use
4 · Pennsville, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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