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    291 Union St Glassboro, NJ 08028

    Sponsored
    For Sale
    $180,000

    Prime NJ land, M-1 zoning, development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 12-acre property located at 291 Union Street, Glassboro, New Jersey, 08028, presents a unique investment opportunity. Zoned for Light Manufacturing (M-1), the land offers diverse development possibilities. Permitted uses include production, processing, and distribution of goods, excluding retail. Agricultural uses and contractor establishments are also permitted. The property is currently being subdivided from an existing dwelling, and the sale is contingent upon final subdivision approval. The buyer will be responsible for any and all rollback taxes. A significant advantage is the availability of gas service to the property. This versatile parcel in Gloucester County provides a compelling opportunity for businesses seeking land in a strategic New Jersey location. The asking price for this expansive tract is $180,000. Serious inquiries are encouraged.

    Property Features for 291 Union St

    General Information

    Property type
    Farms
    Lot Size
    522,720 SF

    HighLights

    • $180,000 asking price.
    • 12‑acre land parcel.
    • Light Manufacturing (M‑1) zoning.
    • Located at 291 Union St, Glassboro, NJ 08028.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Glassboro
    County
    Gloucester
    State
    New Jersey
    Longitude
    -75.1269128
    Latitude
    39.6887191

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    FAQs

    What type of property is this?
    Farm - Prime NJ land, M-1 zoning, development potential.
    Where is this farm located?
    The property is located at 291 Union St Glassboro, NJ.
    What is the asking price?
    The asking price for this property is $180,000.
    What are key features of this property?
    This property features: $180,000 asking price.; 12-acre land parcel.; Light Manufacturing (M-1) zoning.
    Request Owner's contact information
    291 Union St Glassboro, NJ 08028
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    Glassboro, NJ 08028
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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
    291 Union St Glassboro, NJ 08028
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