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Farm Land with Duplex Residence
For Sale
$1,895,000
Pending

317 RICHWOOD ROAD, Mullica Hill, NJ 08062

Substantial acreage is currently farmed, with a duplex on approximately one acre included on the property.

Property SizeContact for details
Days on Market731

Property Features for 317 RICHWOOD ROAD

General Information

Standard status Pending
Property subtype Lots/Land

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $778
Listing Agency: Home and Heart Realty
Listed By: Jody McQuade · License #8932347
Source: Exitrealty
Added: Sep 5, 2024 Changed: Aug 8 Last Checked: Jul 23 at 7:39AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Home and Heart Realty

Investment Insights

Based on property information with market context.

This property offers agricultural land with the majority of the acreage currently being farmed. Included is a duplex house situated on approximately one acre, with each unit featuring 3 bedrooms and 1 bathroom.

The land backs up to Ellis Mill Estates. Easement road information is available in the documents. The property is also described as directly adjacent to a separate nearby tract at 0 Williamson Lane (MLS# NJGL2046582), which totals approximately 34.257 +/- acres, with the combined acreage of both parcels referenced as approximately 78 +/- acres.

The configuration supports continued agricultural use while also providing an on-site two-unit residential component.

Key Highlights

  • Majority of the land is currently being farmed
  • Duplex house included on approximately 1 acre
  • Each duplex unit has 3 bedrooms and 1 bathroom

Property Analytics

Current Use

George Braun Way Food Processing Plant

Suggested Use

Top Pick Building Supply Auto Repair Shop Auto Parts Store Hair Salon Big Box & Wholesale Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

43
Businesses Nearby

Demographics for 08062, NJ

17,446
Population
5,796
Households
3
Avg Household Size
40
Median Age
54%
College-Educated
95%
High-School Grad
32.2 sq mi
ZIP Area
542
Density / Sq Mi
$159,386
Median Household Income
$74,254
Median Earnings
$1,097
Median Rent
$468,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Agricultural land / Farmland - Substantial acreage is currently farmed, with a duplex on approximately one acre included on the property.
Where is this agricultural land / farmland located?
The property is located at 317 RICHWOOD ROAD Mullica Hill, NJ.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: Majority of the land is currently being farmed; Duplex house included on approximately 1 acre; Each duplex unit has 3 bedrooms and 1 bathroom
More about this property
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