and Rt. 30 Jimmie Leeds Rd Absecon, NJ 08205
- Commercial real estate
- 5.09 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for and Rt. 30 Jimmie Leeds Rd
- Year built
- 1988
- Lot size
- 5.09 lot acres
- Zone code
- PO
- Property type
- Commercial real estate
- APN
- 11 00866- 01-00003
- APU
- 11008660100003
Description
This exceptional 13.25-acre commercial land parcel presents a unique investment opportunity in Galloway Township, New Jersey. Strategically located at the intersection of Jimmie Leeds Road and Route 30 (White Horse Pike), this HC-2 zoned property boasts unparalleled visibility and accessibility. Its prime location offers significant advantages, situated directly across from a CVS and a soon-to-be-completed senior housing complex, ensuring high traffic volume and strong potential for future development. The property's proximity to key amenities further enhances its appeal. It's just minutes from the Galloway Town Center and AtlantiCare Regional Mainland Hospital, providing convenient access to essential services and a large consumer base. Furthermore, its location offers easy access to major transportation arteries, including the Atlantic City Expressway and the Garden State Parkway, and is approximately five miles from Atlantic City International Airport. All utilities are readily available on-site, simplifying development plans. Owned by Ole Hansen and Sons, Inc., this 13.25-acre tract is offered at $1,650,000 and represents a compelling opportunity for developers seeking a high-impact commercial location in a thriving area of Atlantic County. The property's high visibility, convenient location, and access to essential utilities make it an ideal site for a wide range of commercial ventures.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,325,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,055,000
- 6.5%
- $1,880,000
- 7%
- $1,975,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,025,000
- Geo Method
- $1,745,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,205,000
- Retail
- $1,930,000
- Mixed-Use
- $1,920,000
- Hospitality
- $2,140,000
- Educational
- $2,330,000
- Residential Income
- $1,740,000
- Energy
- $2,230,000
- Income-Based Land
- $1,865,000
- Food Service
- $2,110,000
Location Insight
- Map
- Local Demand
- City
- Galloway
- County
- Atlantic
- State
- New Jersey
- Longitude
- -74.5345
- Latitude
- 39.4739
- CBSA code
- 12100
- CBSA name
- ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA
