0 Penns Grove Auburn Rd Penns Grove, NJ 08067
This exceptional 38.12-acre property in Salem County, New Jersey, presents a unique investment opportunity. Located on Penns Grove Auburn Rd in Pedricktown (zip code 08067), this expansive land parcel offers versatile usage potential. Zoned for both agricultural and residential purposes, it's ideally suited for a variety of developments. Imagine establishing a horse farm, creating a small, exclusive subdivision of six to eight two-acre lots, or building your dream luxury estate. The property's zoning requires a minimum two-acre lot size for single-family detached dwellings, with private septic and well systems mandated. Should the sale occur before harvest, any existing crops will be harvested by the current farmer. This prime location boasts convenient access to major transportation arteries, including I-295, the NJ Turnpike, the Delaware Memorial Bridge, and the Commodore Barry Bridge, ensuring easy commuting and accessibility. The asking price for this remarkable property is $699,000. Detailed information regarding zoning regulations and development possibilities is readily available. This is a rare opportunity to acquire a substantial land holding in a desirable New Jersey location.
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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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.