Commercial Land with Two
142 S ROUTE 73, Hammonton, NJ 08037
For Sale
New
$349,900
Two existing structures include a residence and a separate commercial building, with access from a rear street.
Property Size2,000 SF
Price / SF$174.95
Days on Market5
Property Features for 142 S ROUTE 73
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Lamb Realty
Listed By:
Joseph R Lamb · License #793098
(856) 589-8100
Source:
Cummingsrealtors
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 5:08PM
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 Lamb Realty
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Investment Insights
Based on property information with market context.
This 2.18-acre commercial land parcel includes two buildings. The front structure is a residential building with newer siding, windows, roofing, and an HVAC system; it is connected to public water and sewer and served by natural gas. A separate commercial building at the rear has newer windows and a newer roof, and previously housed a hair salon.
The property fronts Route 73 for approximately 190 feet and also has an entrance from the rear street. Shopping and major highway access are nearby, with Philadelphia a short drive away. Buyers should verify zoning and potential uses with the township; any required variances or certifications are the buyer’s responsibility. The property is offered as-is.
The property fronts Route 73 for approximately 190 feet and also has an entrance from the rear street. Shopping and major highway access are nearby, with Philadelphia a short drive away. Buyers should verify zoning and potential uses with the township; any required variances or certifications are the buyer’s responsibility. The property is offered as-is.
Key Highlights
- 2.18 acres with two existing buildings
- Approximately 190 feet of Route 73 frontage
- Front building has newer siding, windows, roof, and HVAC
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,215
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,300
$384.3K
Cap Rate 7%
$274,500
$274.5K
Cap Rate 9%
$213,500
$213.5K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$30.0K $15.00/SF
− Vacancy
−$2.6K −$1.28/SF
EGI
$27.5K $13.73/SF
− OpEx
−$8.2K −$4.12/SF
NOI
$19.2K $9.61/SF
Area
Atlantic County, NJ
Vacancy
8.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,300
Cap Rate 7%
$274,500
Cap Rate 9%
$213,500
Alternative Uses
Best Use
Retail
$274.5K
$240.2K – $320.3K
NOI $19,215 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$744.8K
$651.7K – $868.9K
NOI $52,135 @ 7.0% cap · market cap 14.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Conoco
Shops & Services
8,999 visits/mo
0.3 miles
Demographics for 08037, NJ
23,814
Population
9,682
Households
2.5
Avg Household Size
44
Median Age
29%
College-Educated
90%
High-School Grad
122.5 sq mi
ZIP Area
194
Density / Sq Mi
$83,762
Median Household Income
$40,668
Median Earnings
$1,297
Median Rent
$307,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Commercial land in Atlantic County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Commercial land - Two existing structures include a residence and a separate commercial building, with access from a rear street.
Where is this commercial land located?
The property is located at 142 S ROUTE 73 Hammonton, NJ.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 2.18 acres with two existing buildings; Approximately 190 feet of Route 73 frontage; Front building has newer siding, windows, roof, and HVAC
