Cold Storage Facility with
344 N Main St Clayton, NJ 08312
344 N Main St, Clayton, NJ, 08312
$625,000
For Sale
$625,000
Cold storage facility with solar, dock, and trailer capacity.
Property Size2,200 SF
Lot Size1.50 Acres
Price / SF$284.09
Days on Market111
Property Features for 344 N Main St
General Information
- Standard status
- Active
- Size
- 2,200 SF
- Lot size
- 1.50 Acres
Listing Agency
BHHS Fox & Roach-Washington-Gloucester
(856) 649-5220
Listed by
Christine M Stucke · License #0679515
(856) 649-5220
Source
Exprealty
Added: Mar 29 Checked: Jul 16 at 12:03 am
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 BHHS Fox & Roach-Washington-Gloucester
Investment Insights
Based on property information with market context.
This cold storage facility is located on approximately 1.5 acres in Franklin Township, Gloucester County, and offers convenient access to Route 40, Route 55, and the Atlantic City Expressway, providing connectivity to the New Jersey Turnpike, Philadelphia, and shore points. The property features approximately 2,200 square feet of building space, including 1,800 square feet of cold storage and two private office spaces, along with two powder rooms. The cold storage area offers a 15-foot ceiling height. A loading dock and covered canopy area span just under 6,000 square feet, featuring a 14-foot ceiling height and a 140-foot length. The site is fully fenced with a gravel base and can accommodate approximately 10-12 trailers on-site. The cold storage equipment was replaced in 2016, and the property is equipped with a solar system installed in 2022, reducing electric costs by approximately 50%. The system includes a 15-year term with remaining SRECs transferring to the new owner. The property is suited for distribution, logistics, food service, or agricultural operations.
Key Highlights
- Strategic location with convenient access to Route 40, Route 55, and the Atlantic City Expressway.
- Expansive loading dock and covered canopy area (just under 6,000 sq ft) with a 140‑foot length.
- Significant cost savings with an owned solar system (installed in 2022) reducing electric costs by approximately 50%, plus remaining SRECs transfer to the new owner.
Local Financial Insights For Warehouse
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 | $37.7k | $17.14 |
| − Vacancy | −$3.4k | −$1.56 |
| EGI | $34.3k | $15.58 |
| − OpEx | −$5.1k | −$2.34 |
| NOI | $29.1k | $13.24 |
2,200 SF · lease $17.14/SF/yr · vacancy 9.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$416.2K
$364.2K – $485.6K
NOI $29,135 @ 7.0% cap · market cap 4.66%
Second Best
Industrial
$342.8K
$299.9K – $399.9K
NOI $23,994 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$739.5K
$647.1K – $862.8K
NOI $51,766 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Alt. Energy / Solar ...
Similar For Sale Nearby
FAQs
What type of property is this?
Warehouse - Cold storage facility with solar, dock, and trailer capacity.
Where is this warehouse located?
The property is located at 344 N Main St Clayton, NJ.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Strategic location with convenient access to Route 40, Route 55, and the Atlantic City Expressway.; **Expansive loading dock and covered canopy area (just under 6,000 sq ft) with a 140‑foot length.**; **Significant cost savings with an owned solar system (installed in 2022) reducing electric costs by approximately 50%, plus remaining SRECs transfer to the new owner.**
