Current Use by Public Records
- Land
Property Details for 516 Delsea Dr
- Property type
- Land
Description
Exceptional investment opportunity: 112-unit multifamily development site in Clayton, NJ, encompassing 5.8 acres. This approved project features five three-story buildings with a mix of 100 market-rate and 12 affordable one- and two-bedroom units. Conveniently located less than four miles from Rowan University, the site boasts energy-efficient design, resulting in significant tax incentives. Attractive amenities include a residents' lounge, party room, 24/7 mini-market, Amazon lockers, fitness center, conference/business center, outdoor pickleball court, terrace with fire pit, ping pong table, and walking path. The total land area is 126,447 square feet, offering a compelling opportunity for immediate development. The project's comprehensive site plan has received full township approval, minimizing potential delays. This prime location and well-designed development plan present a strong return on investment. The asking price is $5,000,000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Clayton
- County
- Gloucester
- State
- New Jersey
- Longitude
- -75.0909
- Latitude
- 39.649
