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    369 Delsea Dr Franklin, NJ 08328

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    Prime 0.59-acre commercial lot in Malaga, NJ

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 0.59-acre commercial land parcel, situated at 369 Delsea Drive in Franklin, New Jersey (zip code 08328), presents a compelling investment opportunity. The property is zoned for commercial use, offering significant potential for a variety of developments. Its location within the bustling Malaga corridor ensures high visibility and substantial foot and vehicle traffic, maximizing exposure for any business. The surrounding area boasts a thriving commercial environment, featuring a diverse mix of retail establishments, restaurants, and service businesses. This strategic location provides easy access to major highways, simplifying logistics and transportation. The property's proximity to local amenities, including banks, restaurants, and shopping centers, further enhances its appeal. This single-tenant land parcel is ready for development, offering a blank canvas for a new commercial venture to thrive in a high-traffic, well-established commercial area. The property's size and zoning make it suitable for a range of commercial uses, from retail spaces to professional offices. This is a rare opportunity to acquire a prime commercial lot in a dynamic and growing area of New Jersey.

    Property Features for 369 Delsea Dr

    General Information

    Property type
    Land
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Size
    0 SF

    HighLights

    • 0.59‑acre commercial land parcel at 369 Delsea Drive, Franklin, NJ 08328.
    • Zoned for commercial use, ideal for various developments.
    • High visibility Malaga corridor location with substantial traffic.
    • Thriving commercial area with diverse businesses and easy highway access.
    • Ready for immediate development; suitable for retail or office use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Nail Salon Gym & Fitness Pharmacy Skin Care Clinic Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Sussex
    State
    New Jersey
    Longitude
    -75.0552967
    Latitude
    39.57105

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    FAQs

    What type of property is this?
    Land - Prime 0.59-acre commercial lot in Malaga, NJ
    Where is this land located?
    The property is located at 369 Delsea Dr Franklin, NJ.
    What are key features of this property?
    This property features: 0.59-acre commercial land parcel at 369 Delsea Drive, Franklin, NJ 08328.; Zoned for commercial use, ideal for various developments.; High visibility Malaga corridor location with substantial traffic.
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    369 Delsea Dr Franklin, NJ 08328
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    Franklin, NJ 08328
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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
    369 Delsea Dr Franklin, NJ 08328
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