156 Us-40 Penns Grove, NJ 08069
- Land
- 0.89 lot acres
Current Use by Public Records
- Land
Property Details for 156 Us-40
- Lot size
- 0.89 lot acres
- Property type
- Land
Description
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.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Penns Grove
- County
- Salem
- State
- New Jersey
- Longitude
- -75.4325
- Latitude
- 39.6839