235 BroadwayPennsville Township, NJ 08070

Property Details for 235 Broadway

Lot size

0.86 AC

Zone code

CM

Property type

Other commercial real estate

APN

09 03101-0000-00018- 02

APU

90310100000001802

Description

Cranberry Plaza Shopping Center presents a compelling retail investment opportunity in Salem County. This established 150,000 square foot shopping center offers multiple tenancy options, with two spaces currently available. One space is a junior anchor opportunity, ideal for a larger tenant requiring significant square footage. The minimum divisible space is 4,000 square feet, while larger spaces up to 19,000 square feet are also available. Currently, 24,000 square feet of space is vacant, providing immediate potential for income generation. The property sits on a half-acre lot, offering convenient access and visibility. A significant boost to the center's appeal is the planned opening of a Wawa with gas station in late 2025, which is expected to drive increased foot traffic and enhance the overall shopping experience. This strategic location within Salem County provides access to a strong consumer base. The existing tenant mix offers a diverse range of retail options, creating a vibrant and attractive shopping destination. This is an exceptional opportunity for investors seeking a well-located, established retail property with significant upside potential. The available spaces offer flexibility for a variety of retail concepts, making this an attractive investment for both established businesses and new ventures. Contact us today to learn more about this exciting opportunity.

• Alternative Use

  Use

  Valuation

  Residential

  $18,389,126

  Hospitality

  $16,844,340

  Educational

  $14,014,293

  Medical

  $14,496,266

  Retail

  $21,800,012

Location Insight

City

Pennsville

County

Salem

State

New Jersey

Latitude

39.6436

Longitude

-75.5182

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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