446 Chris Gaupp Dr Galloway, NJ 08205
- Land
- 3.50 lot acres
Current Use by Public Records
- Land
Property Details for 446 Chris Gaupp Dr
- Lot size
- 3.50 lot acres
- Property type
- Land
Description
This exceptional 3.5-acre commercial land parcel in Galloway Township, NJ, presents a unique investment opportunity. Zoned PO, it boasts current township administrative approval for various development scenarios, making it ideal for market-rate student housing. The property's strategic location offers unparalleled convenience, situated just 2.4 miles from Stockton University's main campus, 1 mile from AtlantiCare Regional Medical Center Mainland Campus, and within 1.7 miles of both north and south Garden State Parkway entrances/exits. Proximity to US Route 30 (White Horse Pike) further enhances accessibility. Preliminary plans envision two dormitory buildings totaling 36,752 square feet, accommodating between 120 and 196 beds. Options range from units with shared bathrooms to private suites with individual baths and living areas, offering flexibility for diverse development strategies. Detailed marketing packages, including projected income, expenses, and building costs, are available upon request. This is a rare chance to capitalize on the strong demand for student housing near a major university and a thriving medical center. The asking price is $850,000. Broker co-op is available. The property is located at 446 Chris Gaupp Dr, Galloway, NJ 08205.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Galloway
- County
- Atlantic
- State
- New Jersey
- Longitude
- -74.5445
- Latitude
- 39.4653
