500 Tilton Rd Northfield, NJ 08225
- Commercial real estate
- 0.42 lot acres
Current Use by Public Records
- Atlantic City Shade Shop / Window Treatment Store
- Wallace Interiors / Interior Designer
- Northeast Shutter and Shading Solutions / Window Treatment Store
Property Details for 500 Tilton Rd
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.42 lot acres
- Zone code
- C-B
- Property type
- Commercial real estate
- APN
- 18 00016- 01-00048
- APU
- 18000160100048
Description
This exceptional 2.88-acre commercial lot presents a unique investment opportunity in the desirable Galloway Township, New Jersey. Located at 500 Tilton Road (Route 563), Northfield, NJ 08225, this property boasts a prime location near the prestigious Blue Heron Pines West Golf Course. The land is zoned PIRD Commercial and has previously received approval for the construction of a 15,000 square foot office building, streamlining the development process for prospective buyers. This significantly reduces the time and expense typically associated with obtaining necessary permits and approvals. The property's convenient access to major roadways ensures excellent visibility and accessibility for any commercial venture. The existing zoning and prior approval make this a ready-to-develop site, ideal for a variety of commercial uses. Owners, Ole Hansen and Sons, are offering this exceptional parcel for sale. The property's location in Atlantic County, New Jersey, offers a strong potential for return on investment, given the area's thriving economy and strategic location. This is a rare opportunity to acquire a fully permitted commercial lot in a highly sought-after location. Serious inquiries are encouraged.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $380,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $400,000
- 6.5%
- $415,000
- 7%
- $435,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $435,000
- Geo Method
- $395,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $425,000
- Retail
- $450,000
- Mixed-Use
- $445,000
- Hospitality
- $425,000
- Educational
- $415,000
- Residential Income
- $410,000
- Energy
- $405,000
- Income-Based Land
- $410,000
- Food Service
- $420,000
Location Insight
- Map
- Local Demand
- City
- Northfield
- County
- Atlantic
- State
- New Jersey
- Longitude
- -74.5561
- Latitude
- 39.3833
- CBSA code
- 12100
- CBSA name
- ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA
