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    216 Broadway Pennsville Township, NJ 08070

    Sponsored
    For Sale
    $895,000
    Property size:
    5,250 SF
    Added:
    Dec 11, 2024
    Days on Market:
    392

    Property Features for 216 Broadway

    General Information

    Property type
    Restaurants
    Square Feet
    5,250 SF
    Lot Size
    47,045 SF

    HighLights

    • Well‑maintained, 5,250+/- SF, two‑unit building on ~1.08 acres.
    • One unit occupied by Anthony's Shoes; the other tenant pays $3,034/month plus half utilities.
    • Separate gas and electric meters for each unit.
    • High visibility location on Route 49 (Broadway) with 16,648 vehicles/day (2022 data).
    • Convenient access to NJ Turnpike (Exit 1), I‑295, Route 130, and US Route 322.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Boutique Fast Food Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Pennsville Township
    County
    Salem
    State
    New Jersey
    Longitude
    -75.507425
    Latitude
    39.6660759

    Nearby Comparable

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      Pennsville Mixed-Use Investment Opportunity

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    • New
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    Nearby Similar for Sale

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    FAQs

    Where is this restaurant located?
    The property is located at 216 Broadway Pennsville Township, NJ.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: Well-maintained, 5,250+/- SF, two-unit building on ~1.08 acres.; One unit occupied by Anthony's Shoes; the other tenant pays $3,034/month plus half utilities.; Separate gas and electric meters for each unit.
    Request Owner's contact information
    216 Broadway Pennsville Township, NJ 08070
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    Pennsville Township, NJ 08070
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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
    216 Broadway Pennsville Township, NJ 08070
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