88 Industrial Park Rd Pennsville Township, NJ 08070
- Commercial real estate
- 31,464 SF
- 27.54 lot acres
Current Use by Public Records
- Pallet Logistics North Amer / Freight Forwarding Service
Property Details for 88 Industrial Park Rd
- Construction
- CONCRETE
- Lot size
- 27.54 lot acres
- Property size
- 31,464 SF
- Zone code
- 5
- Property type
- Commercial real estate
- APN
- 09 04802-0000-00003
- APU
- 904802000000003
Description
This expansive 192,000-square-foot industrial property, situated on a generous 27.54-acre lot in Pennsville Township, New Jersey, presents a significant opportunity for sale or lease. The warehouse features 180,000 square feet of available space, complemented by 10,000 square feet of office space. High ceilings, ranging from 20 to 26 feet clear, provide ample vertical space. Loading capabilities are robust, including an exterior loading platform with nine loading doors and a ramp, eight tailgate loading doors, and five drive-in doors within a leased shop area. The property boasts eight total loading docks. Internal material handling is facilitated by a 12,000 lb. capacity freight elevator. The building's construction is durable, utilizing concrete block over steel beams, with a roof featuring a combination of TPO and asphalt coating. A dry sprinkler system, serviced by an on-site private pump house, ensures fire protection. Lighting is a blend of LED and fluorescent fixtures. Strategically located just off Route 49, this facility offers easy access to Route 295, the NJ Turnpike, and the Commodore Barry Bridge. Wilmington, DE is a short 15-minute drive, and Philadelphia, PA is within 40 minutes. This property is ideal for a variety of industrial and manufacturing uses.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $6,845,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $6,385,000
- 6.5%
- $6,250,000
- 7%
- $6,190,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $6,245,000
- Geo Method
- $7,305,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $5,670,000
- Retail
- $6,960,000
- Mixed-Use
- $6,455,000
- Hospitality
- $6,040,000
- Educational
- $6,120,000
- Residential Income
- $6,685,000
- Energy
- $5,395,000
- Income-Based Land
- $6,855,000
- Food Service
- $6,600,000
Location Insight
- Map
- Local Demand
- City
- Pennsville
- County
- Salem
- State
- New Jersey
- Longitude
- -75.539
- Latitude
- 39.6366
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
