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    770 Us-40 Upper Upper Pittsgrove, NJ 08343

    For Sale
    $2,600,000

    High-traffic retail center, 34,000 sq ft

    Property size:
    34,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 34,000 square foot commercial property, situated on 8.5 acres in Upper Pittsgrove, New Jersey (zip code 08343), presents a significant investment opportunity. Located at 770 US-40, the property boasts a prime location at the convergence of US-40 and Route 77, a major traffic hub connecting several surrounding towns including Mullica Hill, Elmer, Bridgeton, Franklinville, and Woodstown. The site is zoned for Highway Business use, ensuring flexibility for a variety of commercial ventures. The existing building offers approximately 34,000 square feet of space, with ample room for expansion and development on the expansive 8.5-acre lot. The asking price is $2,600,000, translating to $76.47 per square foot. The land value alone is $62.50 per square foot. This property benefits from high visibility and excellent traffic counts, and is surrounded by established businesses such as Dunkin Donuts, Wawa, and The Point 40 Diner. The property's strategic location and substantial size make it ideal for a variety of uses, including a shopping center, food service establishments, fuel centers, and major restaurants and retailers. The APN is 14-00034-0000-00025.

    Property Features for 770 Us-40 Upper

    General Information

    Property type
    Lifestyle centers
    Square Feet
    34,000 SF
    Lot Size
    370,260 SF

    HighLights

    • 34,000 SF commercial building on 8.5 acres in Upper Pittsgrove, NJ (08343).
    • Prime location at US‑40 and Route 77, a major traffic intersection.
    • Highway Business zoning allows for diverse commercial uses.
    • Asking price: $2,600,000 ($76.47/SF, land value $62.50/SF).
    • High visibility and traffic counts, near Dunkin', Wawa, and The Point 40 Diner.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Upper Pittsgrove
    County
    Salem
    State
    New Jersey
    Longitude
    -75.2304575
    Latitude
    39.6183383

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    FAQs

    What type of property is this?
    Lifestyle center - High-traffic retail center, 34,000 sq ft
    Where is this lifestyle center located?
    The property is located at 770 Us-40 Upper Upper Pittsgrove, NJ.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: 34,000 SF commercial building on 8.5 acres in Upper Pittsgrove, NJ (08343).; Prime location at US-40 and Route 77, a major traffic intersection.; Highway Business zoning allows for diverse commercial uses.
    Request Owner's contact information
    770 Us-40 Upper Upper Pittsgrove, NJ 08343
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    Upper Pittsgrove, NJ 08343
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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
    770 Us-40 Upper Upper Pittsgrove, NJ 08343
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