770 Clems Run Rd Glassboro, NJ 08028
Exceptional investment opportunity awaits with this expansive 93-acre farm nestled in Gloucester County, New Jersey. Priced at $719,000, this property boasts approximately 70 tillable acres, ideal for agricultural pursuits. The soil composition is primarily Downer and Sassafras sandy loam, with a significant portion (55%) rated as prime farmland and 45% rated statewide. An existing irrigation pond equipped with a diverter enhances the agricultural potential. A key feature is a two-acre exclusion area, perfectly suited for constructing a single-family home, offering the potential for a comfortable residence alongside the farming operation. Alternatively, this buildable lot could be sold separately. The property enjoys excellent accessibility, situated minutes from State Route 55, County Route 538, and Route 77, and benefits from approximately 968 feet of road frontage. With 91.117 acres preserved, this farm presents a unique blend of agricultural land and residential development potential, making it an attractive proposition for both established farmers and those seeking a rural lifestyle. A virtual tour is available online. This is a perfect opportunity for a startup farm or an expansion of an existing operation.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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