Signalized Corner Commercial
4491 Harding Hwy, Newfield, NJ 08344
For Sale
$175,000
IC zoning permits drive-through restaurants, taverns, child care centers, hotels, motels, and other listed commercial uses.
Property Size999 SF
Price / SF$175.18
Days on Market100
Property Features for 4491 Harding Hwy
General Information
Standard status
Size
Listing Agency:
Warner Real Estate & Auction Company
Listed By:
Richard G Warner · License #120281
(856) 430-0072
Source:
Kableteam
Added: Aug 2
Changed: Oct 26
Last Checked: Oct 7 at 2:09PM
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 Warner Real Estate & Auction Company
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Investment Insights
Based on property information with market context.
This commercial land parcel at 4491 Harding Hwy is positioned at the signalized junction of Route 40 and Porchtown Road. The property was formerly occupied by a service station and is located in the IC (Interchange Commercial) zoning district. Listed permitted uses include drive-through restaurants, taverns and pubs, child care centers, and hotels or motels.
The site has approximately 254 feet of frontage along Route 40 and 165 feet along Porchtown Road. It sits just west of SR 55, near exits 39A and 39B. Most of the parcel lies within Franklin Township, with a smaller portion extending into Pittsgrove Township. Reported traffic volumes are 10,713 VPD on Route 40, 2,909 VPD on Porchtown Road, and 32,329 VPD on SR 55.
The site has approximately 254 feet of frontage along Route 40 and 165 feet along Porchtown Road. It sits just west of SR 55, near exits 39A and 39B. Most of the parcel lies within Franklin Township, with a smaller portion extending into Pittsgrove Township. Reported traffic volumes are 10,713 VPD on Route 40, 2,909 VPD on Porchtown Road, and 32,329 VPD on SR 55.
Key Highlights
- Signalized intersection of Route 40 and Porchtown Road
- IC (Interchange Commercial) zoning
- Approximately 254 +/- feet of Route 40 frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,799
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,980
$256.0K
Cap Rate 7%
$182,843
$182.8K
Cap Rate 9%
$142,211
$142.2K
Market Conditions
NOI Build-Up for 999 SF
Gross rent
$18.0K $18.00/SF
− Vacancy
−$917 −$0.92/SF
EGI
$17.1K $17.08/SF
− OpEx
−$4.3K −$4.27/SF
NOI
$12.8K $12.81/SF
Area
Gloucester County, NJ
Vacancy
5.10%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,980
Cap Rate 7%
$182,843
Cap Rate 9%
$142,211
Alternative Uses
Best Use
Specialty Retail
$182.8K
$160.0K – $213.3K
NOI $12,799 @ 7.0% cap · market cap 7.31%
Second Best
Retail
$161.5K
$141.4K – $188.5K
NOI $11,308 @ 7.0% cap · market cap 6.46%
Theoretical Best
Office A
$335.8K
$293.8K – $391.8K
NOI $23,506 @ 7.0% cap · market cap 13.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
90
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Dunkin' Donuts
Dining
9,073 visits/mo
0.5 miles
Demographics for 08344, NJ
5,894
Population
2,362
Households
2.5
Avg Household Size
44
Median Age
26%
College-Educated
92%
High-School Grad
23.8 sq mi
ZIP Area
248
Density / Sq Mi
$73,340
Median Household Income
$50,089
Median Earnings
$1,431
Median Rent
$212,600
Median Home Value
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Market
Properties on Market for Commercial land in Gloucester County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Commercial land - IC zoning permits drive-through restaurants, taverns, child care centers, hotels, motels, and other listed commercial uses.
Where is this commercial land located?
The property is located at 4491 Harding Hwy Newfield, NJ.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Signalized intersection of Route 40 and Porchtown Road; IC (Interchange Commercial) zoning; Approximately 254 +/- feet of Route 40 frontage
