Hammonton Development Opportunity Near
201 11TH STREET, Hammonton, NJ 08037
Commercial property near transit with development and investment potential.
Type:Commercial/Industrial
Property size:
1,000 SFLot size:
0.73 AcresPrice / SF:
$299/SF- Added:
- Mar 24, 2026
- Days on Market:
- 59
- Last Refresh:
- Feb 10 at 10:23 am
Property Features for 201 11TH STREET
General Information
- Standard status
- Active
- Size
- 1,000 SF
- Lot size
- 0.73 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1960
Listing agent James L Moffa License #901791
Listing office Keller Williams Realty - Marlton (856) 441-6800
Listing date Mar 24, 2026
Source Exitrealty
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 Keller Williams Realty - Marlton
HighLights
- Prime location: One block from Hammonton NJ Transit station and walking distance to the business district.
- High development potential: Zoned commercial with potential for residential, mixed‑use, or subdivision development.
- Large premium lot: .73 acres with potential for subdivision.
- Architect‑certified structural integrity: Foundation can support a second story addition.
- Existing infrastructure: Newer roof and gutter system, plus two sewer connections.
- Strategic accessibility: Convenient to Garden State Parkway, Atlantic City Expressway, and major routes.
Overview
This commercial property presents a development and investment opportunity. Located within a block of the Hammonton NJ Transit station, it offers service to Philadelphia and Atlantic City, and is within walking distance of Hammonton's business district, featuring restaurants, professional businesses, retail stores, and shopping. Zoned commercial, the property is suitable as a residential lot or a mixed-use corner property with possibilities for professional, civic, or residential sub-division, subject to township approval. Currently used as a warehouse, the building will be vacated upon ownership transfer. The property's location offers customer and client base potential. The existing stucco building features an open layout with two large areas, one approximately 20' x 24' with a concrete pad, and the other 50' x 20' with wood flooring. There is currently no HVAC system. The property could be torn down for development or rehabilitated. An architect has certified that a second story could be added, and the foundation can handle the load. It features a newer dimensional roof and gutter system and includes two sewer connections. The building sits on an estimated 0.73-acre lot (240'x133'). The crawl space is vented. Hammonton's downtown district has been growing for the past 20 years and includes art galleries, restaurants, wine and sports bars, banks, clothing stores, offices, a theatre, a park, and a college satellite campus. The property is conveniently located near the Garden State Parkway and Atlantic City Expressway, approximately 25-30 minutes from Atlantic City and 45 minutes from Philadelphia, and close to shopping areas, fast food restaurants, and Hammonton’s main street and businesses. Seller financing is available.
Financial Insights
Value Estimation Calculated for Warehouse
Conservative
$289.6K
NOI $26,068 @ 9.00% cap · cautious / downside scenario
Moderate
$372.4K
NOI $26,068 @ 7.00% cap · market / base-case scenario
Aggressive
$521.4K
NOI $26,068 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Warehouse
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.5k | $33.48 |
| − Vacancy | −$2.8k | −$2.81 |
| EGI | $30.7k | $30.67 |
| − OpEx | −$4.6k | −$4.60 |
| NOI | $26.1k | $26.07 |
1,000 SF · lease $33.48/SF/yr · vacancy 8.40% · expense 15.00%
Alternative Use Scenarios
Best Use
Warehouse
$372.4K
$325.9K – $434.5K
NOI $26,068 @ 7.0% cap · market cap 8.69%
Second Best
Industrial
$306.7K
$268.3K – $357.8K
NOI $21,467 @ 7.0% cap · market cap 7.16%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial land
Similar Places Nearby
- Storage Sense - Hammonton — 815 12th St, Hammonton, NJ 08037
Location Insight
- Map
- Local Demand
- City
- Hammonton
- County
- Atlantic
- State
- New Jersey
- Longitude
- -74.7988198
- Latitude
- 39.629107
Nearby Similar for Sale
FAQs
What type of property is this?
Warehouse - Commercial property near transit with development and investment potential.
Where is this warehouse located?
The property is located at 201 11TH STREET Hammonton, NJ.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Prime location: One block from Hammonton NJ Transit station and walking distance to the business district.; High development potential: Zoned commercial with potential for residential, mixed‑use, or subdivision development.; Large premium lot: .73 acres with potential for subdivision.
