Mixed-Use Development Opportunity Near
201 11th St Hammonton, NJ 08037
For Sale
Contact for pricing
Mixed-use corner property near transit with development potential.
Property Size1,600 SF
Lot Size0.73 Acres
Price / SF$187.44
Days on Market809
Property Features for 201 11th St
General Information
- Standard status
- Active
- Size
- 1,600 SF
- Lot size
- 0.73 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1960
Listing Agency:
KW Realty-Medford
(609) 458-3711
Listed By:
James Moffa · License #NJ 901791
Source:
Crexi
Added: May 7, 2024
Changed: Jul 6
Last Checked: Jul 21 at 10:21AM
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 KW Realty-Medford
Investment Insights
Based on property information with market context.
This mixed-use corner property presents a development and investment opportunity, located within a block of the Hammonton NJ Transit station, which provides service to Philadelphia and Atlantic City. It is also a short walk to Hammonton's business district, featuring restaurants, professional businesses, retail stores, and shopping. The property is currently used as a warehouse and will be vacated upon ownership transfer. The building has a stucco finish and features two large, open areas. One area measures approximately 20' x 24' with a concrete pad, while the second area measures 50' x 20' and has 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 that the foundation could handle the load. It features a newer dimensional roof and gutter system, along with two sewer connections, one at each end of the lot. The crawl space is vented. The building sits on an estimated 0.73 acres (240'x133'), offering the option for a sub-division. 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 an hour and a half from New York. It is also a short distance from the White Horse Pike Route 30, US Route 40 Black Horse Pike, Route 54, US 73, and Route 206. The property is strategically located in the business area, close to shopping areas, fast food restaurants, and Hammonton’s main street and businesses. The property is being sold "As Is".
Key Highlights
- Prime location: One block from Hammonton NJ Transit station and walking distance to the business district.
- High development potential: Mixed‑use corner property suitable for professional, civic, or residential sub‑division.
- Large lot size: .73 acres with potential for sub‑division.
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.2k | $27.00 |
| − Vacancy | −$5.2k | −$3.24 |
| EGI | $38.0k | $23.76 |
| − OpEx | −$14.3k | −$8.91 |
| NOI | $23.8k | $14.85 |
1,600 SF · lease $27.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Warehouse
$595.8K
$521.4K – $695.1K
NOI $41,708 @ 7.0% cap · market cap 13.91%
Second Best
Industrial
$490.7K
$429.4K – $572.5K
NOI $34,348 @ 7.0% cap · market cap 11.45%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Mixed-use property - Mixed-use corner property near transit with development potential.
Where is this mixed-use property located?
The property is located at 201 11th St 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: Mixed‑use corner property suitable for professional, civic, or residential sub‑division.; Large lot size: .73 acres with potential for sub‑division.
