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    516 Delsea Dr Clayton, NJ 08312

    Sponsored
    For Sale
    $5,000,000

    NJ Multifamily Land, Approved Plans

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Exceptional investment opportunity: 112-unit multifamily development site in Clayton, NJ, encompassing 5.8 acres. This approved project features five three-story buildings with a mix of 100 market-rate and 12 affordable one- and two-bedroom units. Conveniently located less than four miles from Rowan University, the site boasts energy-efficient design, resulting in significant tax incentives. Attractive amenities include a residents' lounge, party room, 24/7 mini-market, Amazon lockers, fitness center, conference/business center, outdoor pickleball court, terrace with fire pit, ping pong table, and walking path. The total land area is 126,447 square feet, offering a compelling opportunity for immediate development. The project's comprehensive site plan has received full township approval, minimizing potential delays. This prime location and well-designed development plan present a strong return on investment. The asking price is $5,000,000.

    Property Features for 516 Delsea Dr

    General Information

    Property type
    Land

    HighLights

    • 112‑unit multifamily development site on 5.8 acres in Clayton, NJ.
    • Mix of 100 market‑rate and 12 affordable one- and two‑bedroom units in five three‑story buildings.
    • Less than four miles from Rowan University.
    • Energy‑efficient design resulting in significant tax incentives.
    • Amenities include a resident lounge, party room, 24/7 mini‑market, Amazon lockers, fitness center, business center, pickleball court, and outdoor terrace.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Clayton
    County
    Gloucester
    State
    New Jersey
    Longitude
    -75.0909099
    Latitude
    39.648958

    Nearby Comparable

    • $3,900,000

      112-Unit Multifamily Investment Opportunity

      112 units on 5.8 acres near Rowan University.
      544 S Delsea Dr, Clayton, NJ 08312
      View Details
    • $175,000
      1,467 SF

      115 Delsea Dr, Clayton, NJ 08312

      Mixed-use properties • 1,467 SF
      115 Delsea Dr, Clayton, NJ 08312
      View Details
    • $450,000
      2,400 SF

      Clayton Mixed-Use Investment Property

      Fully Leased, High-Return Investment
      311 Delsea Dr, Clayton, NJ 08312
      View Details
    • $1,400,000

      Delsea Drive Land Opportunity

      Prime land for development in Gloucester County, Clayton Borough.
      932 N Delsea Dr, Clayton, NJ 08312
      View Details
    • Contact for pricing
      8,300 SF

      Highway Commercial Flex Space

      8,300 SF flex space on 2.7 acres.
      3497 Delsea Dr, Clayton, NJ 08312
      View Details
    • $399,900
      3,818 SF

      Franklinville Retail Space - Great Potential

      Prime Retail Location, Liquor License Included
      1973 Clayton Williamstown Rd, Franklinville, NJ 08322
      View Details
    • $99,000
      1.68 Acres

      Cleared Land Ready For Development

      1.68 acre of level, cleared land suitable for commercial ventures.
      Delsea Dr, Franklinville, NJ 08322
      View Details

    Nearby Similar for Sale

    • $3,900,000

      112-Unit Multifamily Investment Opportunity

      112 units on 5.8 acres near Rowan University.
      544 S Delsea Dr, Clayton, NJ 08312
      View Details
    • Contact for pricing
      8,300 SF

      Highway Commercial Flex Space

      8,300 SF flex space on 2.7 acres.
      3497 Delsea Dr, Clayton, NJ 08312
      View Details
    • $450,000
      2,400 SF

      Clayton Mixed-Use Investment Property

      Fully Leased, High-Return Investment
      311 Delsea Dr, Clayton, NJ 08312
      View Details
    • $175,000
      1,467 SF

      115 Delsea Dr, Clayton, NJ 08312

      Mixed-use properties • 1,467 SF
      115 Delsea Dr, Clayton, NJ 08312
      View Details

    FAQs

    What type of property is this?
    Land - NJ Multifamily Land, Approved Plans
    Where is this land located?
    The property is located at 516 Delsea Dr Clayton, NJ.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: 112-unit multifamily development site on 5.8 acres in Clayton, NJ.; Mix of 100 market-rate and 12 affordable one- and two-bedroom units in five three-story buildings.; Less than four miles from Rowan University.
    (201) 742-6152
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    516 Delsea Dr Clayton, NJ 08312
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    Clayton, NJ 08312
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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
    516 Delsea Dr Clayton, NJ 08312
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