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    505 Pennsville Auburn Rd Penns Grove, NJ 08069

    Sponsored
    For Sale
    $575,000

    9.3-acre commercial/industrial lot. Prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 9.3-acre parcel of land presents a compelling investment opportunity in Penns Grove, New Jersey. Zoned for General Commercial (GC), this fee-simple property offers significant development potential. Its flat, level terrain simplifies construction and site preparation. The strategic location is a key advantage, boasting exceptional proximity to major transportation arteries. Specifically, it's conveniently situated near the New Jersey Turnpike, the Delaware Memorial Bridge, and Route 295, ensuring easy access to regional and national markets. This prime location makes it ideal for a wide range of commercial and industrial uses. The address is 505 S Pennsville Auburn Rd, Penns Grove, NJ 08069, within Salem County. The asking price for this significant land holding is $575,000. This represents a rare chance to acquire a substantial, well-positioned property with considerable upside potential in a thriving area. The property's size and location make it suitable for various development projects, offering a strong return on investment for the discerning buyer. Don't miss this opportunity to secure this valuable asset.

    Property Features for 505 Pennsville Auburn Rd

    General Information

    Property type
    Land
    Lot Size
    405,108 SF

    HighLights

    • $575,000 asking price.
    • 9.3‑acre land parcel.
    • Fee simple ownership.
    • General Commercial (GC) zoning.
    • Penns Grove, NJ location near NJ Turnpike, Delaware Memorial Bridge, and Route 295.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

    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
    -75.475405
    Latitude
    39.6825199

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    FAQs

    What type of property is this?
    Land - 9.3-acre commercial/industrial lot. Prime location.
    Where is this land located?
    The property is located at 505 Pennsville Auburn Rd Penns Grove, NJ.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: $575,000 asking price.; 9.3-acre land parcel.; Fee simple ownership.
    Request Owner's contact information
    505 Pennsville Auburn Rd 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
    505 Pennsville Auburn Rd Penns Grove, NJ 08069
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