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    455 Shell Rd Penns Grove, NJ 08069

    Sponsored
    For Sale
    Contact for pricing

    NJ Light Industrial Land - Huge Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 119-acre land parcel, located at 455 Shell Road in Penns Grove, New Jersey (Salem County, zip code 08069), presents a significant opportunity for industrial development. The property, identified as Block 193, Lot 7, is zoned for Light Industrial use, offering considerable flexibility for various projects. Previous approvals existed for a substantial 350,000 square foot warehouse, providing a strong foundation for future development plans. The expansive lot size allows for significant scale and potential for large-scale industrial construction. The property's strategic location in Penns Grove offers convenient access to major transportation arteries, facilitating efficient logistics and distribution. Detailed site plans and historical zoning information are available upon request. The 2023 property taxes were $107,642.20. This is a rare opportunity to acquire a large, well-located industrial land parcel with a proven track record of development potential. Serious inquiries only. Buyers are responsible for conducting their own due diligence. This information is believed to be accurate but is not guaranteed.

    Property Features for 455 Shell Rd

    General Information

    Property type
    Land
    Lot Size
    5,183,640 SF

    HighLights

    • 119‑acre lot
    • Block 193, Lot 7
    • Approved plans for a 350,000‑square‑foot warehouse
    • Light Industrial zoning
    • 2023 taxes: $107,642.20
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Auto Repair Shop Pharmacy Hotel & Motel Auto Parts Store Department Store Kitchen & Bath Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Penns Grove
    County
    Salem
    State
    New Jersey
    Longitude
    -75.479597
    Latitude
    39.6902649

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    FAQs

    What type of property is this?
    Land - NJ Light Industrial Land - Huge Potential
    Where is this land located?
    The property is located at 455 Shell Rd Penns Grove, NJ.
    What are key features of this property?
    This property features: 119-acre lot; Block 193, Lot 7; Approved plans for a 350,000-square-foot warehouse
    (973) 379-6644
    Request Owner's contact information
    455 Shell Rd Penns Grove, NJ 08069
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    Penns Grove, NJ 08069
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    455 Shell Rd Penns Grove, NJ 08069
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