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Property profile & analytics
OFF-MARKET
Land

156 Us-40 Penns Grove, NJ 08069

0.89 ac lot
Property ID
Property summary
AI-generated overview

This 0.89-acre commercial land parcel in Penns Grove, New Jersey, presents a unique investment opportunity. Located at 156 US-40, this single-tenant property sits on a highly visible corner lot at a signalized intersection, boasting exceptional exposure to significant daily traffic. The property is zoned General Commercial (GC), allowing for a wide range of uses including professional offices, retail stores, restaurants, medical facilities, and more. Its strategic location between major distribution centers like Amazon and McLane further enhances its appeal. With an average daily traffic count of 11,784 vehicles (2018 data) on US Route 40, this site offers unparalleled visibility for any business. The lease requires a minimum five-year term with an annual rent of $20,000, subject to annual increases. The property is situated in Salem County, New Jersey, with a zip code of 08069. This prime location offers excellent potential for growth and profitability. Don't miss this chance to secure a prominent position in a thriving commercial area.

Property profile
Verified
Property type Land
Lot 0.89 ac (38,768 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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