Commercial Land with Existing
2647 E Chestnut Ave Vineland, NJ 08360
New
2647 E Chestnut Ave, Vineland, NJ, 08360
$599,900
For Sale
$599,900
For-sale land parcel includes an existing structure, with an owner-lease option available on a negotiated NNN basis.
Property Size1,400 SF
Price / SF$428.50
Days on Market3
Property Features for 2647 E Chestnut Ave
General Information
- Standard status
- Active
- Size
- 1,400 SF
Building Details
- Year Built
- 1974
Listing agency
A R Fanucci Real Estate, Inc
(609) 805-3757
Listed by
Robert Odorizzi · License #2192025
Source
Kandorre
Added: Jul 21 Updated: Jul 22 at 4:35PM Checked: Jul 22 at 4:35PM
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 A R Fanucci Real Estate, Inc
Investment Insights
Based on property information with market context.
This for-sale parcel is offered as land with an existing structure currently on-site. The listing notes that the main photo is conceptual and illustrates what could potentially be constructed with necessary approvals.
The property is described as having high traveled exposure for businesses, and the owner indicates the site can support multiple buyer options depending on approvals, including use as a pad site for a franchise, as well as for a professional office/medical building or retail establishment.
The owner will also consider leasing the existing building on a negotiated NNN lease structure with a minimum 3-year term and extension options.
The property is described as having high traveled exposure for businesses, and the owner indicates the site can support multiple buyer options depending on approvals, including use as a pad site for a franchise, as well as for a professional office/medical building or retail establishment.
The owner will also consider leasing the existing building on a negotiated NNN lease structure with a minimum 3-year term and extension options.
Key Highlights
- 1974‑built existing structure on a for‑sale land parcel
- Property listing price is for land only and the existing structure on the parcel
- Owner will lease the existing building on a negotiated NNN lease basis
Local Financial Insights For Healthcare Medical
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 | $35.3k | $25.20 |
| − Vacancy | −$4.4k | −$3.15 |
| EGI | $30.9k | $22.05 |
| − OpEx | −$12.3k | −$8.82 |
| NOI | $18.5k | $13.23 |
1,400 SF · lease $25.20/SF/yr · vacancy 12.50% · expense 40.00%
Alternative Uses
Best Use
Office B
$1.71M
$1.49M – $1.99M
NOI $119,599 @ 7.0% cap · market cap 19.94%
Second Best
Healthcare Medical
$264.6K
$231.5K – $308.7K
NOI $18,522 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$2.10M
$1.84M – $2.45M
NOI $147,148 @ 7.0% cap · market cap 24.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Steven Schiavo - Prudential ...
Financial Advisor
Plymouth Rock Assurance
Insurance Agency
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FAQs
What type of property is this?
Commercial land - For-sale land parcel includes an existing structure, with an owner-lease option available on a negotiated NNN basis.
Where is this commercial land located?
The property is located at 2647 E Chestnut Ave Vineland, NJ.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 1974‑built existing structure on a for‑sale land parcel; Property listing price is for land only and the existing structure on the parcel; Owner will lease the existing building on a negotiated NNN lease basis
