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    350 Georgetown Rd Carneys Point Township, NJ 08069

    Sponsored
    For Sale
    $2,100,000

    11-Acre School, Redevelopment Potential

    Property size:
    42,350 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This fee-simple property in Carneys Point Township, NJ, presents a unique redevelopment opportunity. The 11.24-acre lot features a three-story, 42,350 square foot school building constructed in 1960. The building boasts large windows, offering abundant natural light and scenic views. Interior features include a gymnasium, offices, and a stage area, providing versatility for various uses. The property includes 15 parking spaces and is conveniently located near US-130, offering excellent access to transportation and local amenities. The asking price is $2,100,000, with a price per square foot of $49.59. The property's size and location make it ideal for a range of projects, from residential conversions to commercial developments or the creation of a new community space. The substantial square footage and existing infrastructure offer significant potential for investors and developers seeking a large-scale project in a desirable New Jersey location. The property's APN is 02-00160-00001 and is zoned for multi-tenancy. This is a prime opportunity to acquire a significant piece of real estate with substantial redevelopment potential.

    Property Features for 350 Georgetown Rd

    General Information

    Property type
    Schools
    Square Feet
    42,350 SF
    Lot Size
    489,614 SF

    Building Details

    Year Built
    1960
    Property Profile Location Intelligence

    Current Use by Public Records

    Schools

    Map

    City
    Carneys Point Township
    County
    Salem
    State
    New Jersey
    Longitude
    -75.4643524
    Latitude
    39.7106283

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    FAQs

    What type of property is this?
    School - 11-Acre School, Redevelopment Potential
    Where is this school located?
    The property is located at 350 Georgetown Rd Carneys Point Township, NJ.
    What is the asking price?
    The asking price for this property is $2,100,000.
    Request Owner's contact information
    350 Georgetown Rd Carneys Point Township, NJ 08069
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    Carneys Point Township, 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
    350 Georgetown Rd Carneys Point Township, NJ 08069
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