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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

770 Route 40 Elmer, NJ 08343

34,000 SF 8.36 ac lot Built 1950
Property ID
Property summary
AI-generated overview

This exceptional commercial development opportunity in Elmer, New Jersey, presents a prime location for a variety of businesses. Situated on a highly visible 8.36-acre lot at the intersection of Routes 40 and 77, this property boasts approximately 34,000 square feet of existing building space. The site benefits from its strategic position near Routes 45 and 55, ensuring high traffic volume and excellent visibility. Current neighboring businesses include Dunkin' Donuts, Wawa, and the Point 40 Diner, establishing a thriving commercial hub. The property's ample space and convenient highway access make it ideal for a wide range of uses, including national and local retail establishments, restaurants, food and fuel service retailers, shopping centers, institutions, and auto dealerships. The expansive lot also offers significant potential for future growth and development, particularly for businesses requiring ample space for maneuvering, such as trucking, rigging, and hauling companies. Multiple curb cuts and easy highway access are key features. This is a rare opportunity to acquire a substantial commercial property in a high-demand location with significant development potential. The existing building provides a solid foundation for immediate occupancy or redevelopment, while the expansive acreage allows for significant expansion and customization.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1950
Total area 34,000 SF
Lot 8.36 ac (364,162 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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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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