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    404 Dr Martin Luther King Blvd Camden, NJ 08103

    Sponsored
    For Sale
    $4,500,000

    1.05-acre lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.05-acre commercial land parcel presents a unique investment opportunity in the heart of Camden, New Jersey. Located at 404-426 Dr. Martin Luther King Boulevard, and encompassing additional addresses including portions of Stevens Street and South 4th Street, this property is zoned CC (Center City), allowing for a wide range of development possibilities. The site is identified by tax parcel number Block 176, Lots 13-15, 20-24, 26-37, and 40-41. With its expansive 1.05 acres, this property offers significant potential for developers seeking to capitalize on Camden's growing commercial sector. The asking price for this strategically located land is $4,500,000. This represents a compelling opportunity to acquire a substantial land holding in a vibrant and rapidly developing urban area. The property's central location provides easy access to major transportation routes and a diverse range of amenities, making it an attractive proposition for a variety of commercial ventures. Serious inquiries are encouraged to explore the full potential of this remarkable development opportunity. The property is available for sale or ground lease.

    Property Features for 404 Dr Martin Luther King Blvd

    General Information

    Property type
    Land
    Lot Size
    45,738 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Camden
    County
    Camden
    State
    New Jersey
    Longitude
    -75.122595202023
    Latitude
    39.941741225685

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    FAQs

    What type of property is this?
    Land - 1.05-acre lot, ideal for development.
    Where is this land located?
    The property is located at 404 Dr Martin Luther King Blvd Camden, NJ.
    What is the asking price?
    The asking price for this property is $4,500,000.
    Request Owner's contact information
    404 Dr Martin Luther King Blvd Camden, NJ 08103
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    Camden, NJ 08103
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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
    404 Dr Martin Luther King Blvd Camden, NJ 08103
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