222 Broad St Gibbstown, NJ 08027
- Commercial real estate
- 0.09 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 222 Broad St
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.09 lot acres
- Property type
- Commercial real estate
- APN
- 07 00088-0000-00004
- APU
- 700088000000004
Description
This exceptional retail opportunity presents 4,050 square feet of commercial space at 222 W Broad Street in Gibbstown, New Jersey. Located on a highly visible section of Broad Street, this property offers significant potential for a variety of businesses. The building, currently configured as a TV repair shop (operating for 35 years), occupies the left half of a larger structure. The right side is independently owned and operated as a daycare center and is not included in this sale. This presents a unique chance to establish a business in a vibrant area experiencing revitalization. Across the street, renovations are underway for a new Ciconte's pizza location, further enhancing the area's appeal and foot traffic. A key feature of this property is a full-length basement, providing ample storage space or the possibility for expansion. Additionally, a sizable yard at the rear of the building offers further flexibility and potential uses. The 0.09-acre lot provides convenient access and ample space for customers and deliveries. This property is priced at $125,000 and represents a compelling investment opportunity for an entrepreneur seeking a well-located, established space with significant upside potential. The property's history and existing infrastructure provide a solid foundation for a new business venture.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $270,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $270,000
- 6.5%
- $230,000
- 7%
- $245,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $245,000
- Geo Method
- $260,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $250,000
- Retail
- $210,000
- Mixed-Use
- $270,000
- Hospitality
- $275,000
- Educational
- $260,000
- Residential Income
- $230,000
- Energy
- $230,000
- Income-Based Land
- $270,000
- Food Service
- $225,000
Location Insight
- Map
- Local Demand
- City
- Gibbstown
- County
- Gloucester
- State
- New Jersey
- Longitude
- -75.2835
- Latitude
- 39.8253
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA