1301 Metropolitan Ave West Deptford, NJ 08066
- Commercial real estate
- 2.62 lot acres
Current Use by Public Records
- www.BBToyStore.com / Toy Store
- B B Novelties, LLC / Collectibles Store
- Camin Cargo Control Inc / Freight Forwarding Service
Property Details for 1301 Metropolitan Ave
- Lot size
- 2.62 lot acres
- Property type
- Commercial real estate
- APN
- 20 00347- 03-00003
- APU
- 20003470300003
Description
This exceptional 41,920-square-foot industrial property, located at 1301 Metropolitan Avenue in West Deptford, New Jersey, presents a significant opportunity. The building, constructed in 1964 and classified as Class C, offers a versatile single-tenant occupancy arrangement with 10,480 square feet currently vacant. The property sits on a substantial 2.62-acre lot, providing ample space for operations and potential expansion. The building features a desirable 16-foot ceiling height, ideal for various industrial uses, and robust power capabilities with 200-amp, 480-volt, 3-phase electrical service. Its convenient location just off I-295 (Exit 20) in Gloucester County, New Jersey (zip code 08066) ensures excellent access to major transportation routes, streamlining logistics and distribution. The property's flex/warehouse subtype caters to a wide range of businesses seeking efficient and adaptable space. The available 10,480 square feet presents a prime opportunity for immediate occupancy and operational commencement. This property is an excellent investment for businesses seeking a strategic location and functional industrial space in a thriving New Jersey market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $5,900,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $5,845,000
- 6.5%
- $4,970,000
- 7%
- $5,315,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $4,415,000
- Geo Method
- $5,070,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,640,000
- Retail
- $5,535,000
- Mixed-Use
- $4,315,000
- Hospitality
- $4,315,000
- Educational
- $5,265,000
- Residential Income
- $4,920,000
- Energy
- $5,025,000
- Income-Based Land
- $5,275,000
- Food Service
- $4,935,000
Location Insight
- Map
- Local Demand
- City
- West Deptford
- County
- Gloucester
- State
- New Jersey
- Longitude
- -75.1953
- Latitude
- 39.8309
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA