Property profile

1240 Route 206 Shamong, NJ 08088

OFF-MARKET
Land
16.03 ac lot
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Property summary

AI-generated overview

This exceptional 16.03-acre commercial land parcel presents a rare investment opportunity in Shamong, New Jersey. Located on Route 206 in desirable Burlington County, this cleared, undeveloped land boasts 1166.48 feet of frontage and 611 feet of depth, offering unparalleled visibility and accessibility. Currently zoned QFARN (AGR/Comm Designation), the property is suitable for a variety of commercial uses, potentially requiring variances depending on the intended development. The site benefits from high traffic counts (20,000-25,000 vehicles daily), excellent demographics with high average household incomes within a five-mile radius, and proximity to major roadways including I-295, Routes 38, 73, 70, and the NJ and PA Turnpikes. Convenient access to Philadelphia, the Jersey Shore, and New York City further enhances its appeal. The property is also near Wharton State Forest and major shopping centers. Note that a proposed 1.053-acre utility easement for an adjacent property will be recorded upon approval. All necessary municipal, Pinelands Commission, and state approvals, including well and septic permits, are the buyer's responsibility. This property is being sold "AS IS". The asking price is $1,485,000, representing a price per acre of $92,638.80. The APN is 32-00022-00010 03-QFARM. This is a unique opportunity for developers and investors seeking a high-profile location with significant development potential.

Property profile

Verified
Property type Land
Lot 16.03 ac (698,267 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1240 Route 206 Shamong, NJ 08088
Shamong metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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