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    613 S New York Rd Absecon, NJ 08205

    For Sale
    $199,000

    Two parcels with redevelopment potential in a designated redevelopment zone.

    Lot size:
    0.43 Acres

    Property Features for 613 S New York Rd

    General Information

    Lot size
    0.43 Acres

    Building Details

    Year built
    1900

    Source: RE/MAX PINNACLE Agent STEWART DANIELS

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Redevelopment Opportunity in Galloway Township

    This is a redevelopment opportunity located in a designated redevelopment zone. Two parcels, 613 & 615 S New York Ave, are being sold together. The parcels will not be sold individually, even though each parcel holds a separate deed. The property was originally used as a boarding house. The lots offer potential for adaptive reuse or ground-up development. Concept plans are available for potential townhome development, with additional options under Galloway Township's Redevelopment Plan. The property is currently deed-restricted for moderate to affordable housing, but opportunity exists for strategic redevelopment aligned with township goals.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Absecon
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.4804545
    Latitude
    39.4389361

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    FAQs

    What type of property is this?
    Land - Two parcels with redevelopment potential in a designated redevelopment zone.
    Where is this land located?
    The property is located at 613 S New York Rd Absecon, NJ.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: - Redevelopment opportunity in a designated Redevelopment Zone.; - Two parcels being sold together.; - Strong potential for adaptive reuse or ground-up development.
    (908) 306-9600
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    613 S New York Rd Absecon, NJ 08205
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    Absecon, NJ 08205
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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
    613 S New York Rd Absecon, NJ 08205
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