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    700 Broadway Pennsville Township, NJ 08070

    For Sale
    $1,910,000

    High-ROI Pennsville, NJ investment.

    Property size:
    1,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a Sunoco-branded gas station and convenience store in Pennsville Township, NJ. Located at 700 S Broadway, this single-story, 1,500-3,000 square foot building sits on a 30,000 square foot lot and includes ten gas pumps, three underground storage tanks (two 8,000-gallon and one 12,000-gallon, installed in 1994 and 2005), a convenience store with lottery and ATM services, and benefits from a high-traffic corner location with a traffic light. The property boasts a strong NOI of $253,000 and a compelling 13.25% cap rate. Built in 2005, this established business is strategically positioned near major retailers like Walmart and Dunkin' Donuts, capitalizing on high visibility and convenient access. The convenience store offers significant expansion potential, with opportunities to diversify product offerings and increase profitability. Further revenue streams could be generated by adding a Tesla charging station to cater to the growing EV market or by leasing space to a franchise. The property's proximity to a local NASCAR fan base provides a unique and dedicated customer segment. This is a value-add investment with a motivated seller, presenting a rare chance to acquire a thriving business in a prime location. The property's strong financials and potential for future growth make it an attractive proposition for discerning investors.

    Property Features for 700 Broadway

    General Information

    Property type
    Automotive properties
    Square Feet
    1,500 SF

    Building Details

    Year Built
    2005
    Buildings
    1
    Stories
    1

    HighLights

    • Sunoco‑branded gas station and convenience store in Pennsville Township, NJ, located at 700 S Broadway.
    • Single‑story building, 1,500‑3,000 square feet on a 30,000 square foot lot with ten gas pumps.
    • Three underground storage tanks (two 8,000‑gallon and one 12,000‑gallon; installed 1994 & 2005); convenience store with lottery and ATM.
    • High‑traffic corner location with traffic light; strong NOI of $253,000 and 13.25% cap rate.
    • Built in 2005, near major retailers (Walmart, Dunkin'); significant expansion potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sunoco Gas Station Gas Station

    Suggested Use

    Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Auto Repair Shop Wholesale Shop Pharmacy Accounting Firm

    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
    -75.502565838259
    Latitude
    39.613969525392

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    FAQs

    What type of property is this?
    Automotive property - High-ROI Pennsville, NJ investment.
    Where is this automotive property located?
    The property is located at 700 Broadway Pennsville Township, NJ.
    What is the asking price?
    The asking price for this property is $1,910,000.
    What are key features of this property?
    This property features: Sunoco-branded gas station and convenience store in Pennsville Township, NJ, located at 700 S Broadway.; Single-story building, 1,500-3,000 square feet on a 30,000 square foot lot with ten gas pumps.; Three underground storage tanks (two 8,000-gallon and one 12,000-gallon; installed 1994 & 2005); convenience store with lottery and ATM.
    Request Owner's contact information
    700 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
    700 Broadway Pennsville Township, NJ 08070
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