Current Use by Public Records
- Retail properties & Spaces
Property Details for 770 Route 40
- Year built
- 1950
- Lot size
- 8.36 lot acres
- Property type
- Retail properties & Spaces
Description
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.
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
- Elmer
- County
- Salem
- State
- New Jersey
- Longitude
- -75.2304
- Latitude
- 39.6184
