1361 Chestnut Ave Vineland, NJ 08361
- Commercial real estate
- 0.48 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1361 Chestnut Ave
- Year built
- 1997
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.48 lot acres
- Zone code
- R-4
- Property type
- Commercial real estate
- APN
- 14 04305-0000-00001
- APU
- 1404305000000001
Description
This exceptional 1,102 square foot gas station property, situated on a 0.48-acre lot in East Vineland, New Jersey, presents a compelling investment opportunity. Located at 1361 East Chestnut Avenue, this NNN-leased retail site boasts a premier corner location with superior visibility and high traffic counts. Over 30,000 vehicles daily traverse this signalized intersection, providing significant exposure for any business. The property features over 200 feet of frontage on East Chestnut Avenue and 140 feet along South Main Road. Its strategic location offers easy access to major highways, Routes 55 and 40, and is in close proximity to the Cumberland Mall and other key retail destinations, including the Maintree Shopping Center, TD Bank, and CVS Pharmacy. The existing infrastructure includes a 1,102 square foot building/convenience store, four pump islands with four MPDs, three 10,000-gallon double-wall steel USTs (installed in 1997), a CRIND system, and a Veeder-Root system. This property is ideal for a variety of professional and retail uses, making it an attractive investment for discerning buyers. The asking price is $985,000. The property's address is 1361 East Chestnut Avenue, Vineland, NJ 08361.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $295,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $290,000
- 6.5%
- $265,000
- 7%
- $295,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $235,000
- Geo Method
- $305,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $305,000
- Retail
- $280,000
- Mixed-Use
- $325,000
- Hospitality
- $310,000
- Educational
- $300,000
- Residential Income
- $265,000
- Energy
- $305,000
- Income-Based Land
- $275,000
- Food Service
- $255,000
Location Insight
- Map
- Local Demand
- City
- Vineland
- County
- Cumberland
- State
- New Jersey
- Longitude
- -75.001
- Latitude
- 39.4775
- CBSA code
- 47220
- CBSA name
- VINELAND-MILLVILLE-BRIDGETON, NJ METROPOLITAN STATISTICAL AREA