238 Chestnut Ave Vineland, NJ 08360
- Commercial real estate
- 0.35 lot acres
Current Use by Public Records
- Guzman E MD / Doctor
- HR Payroll / Payroll Service
- Michael Monter / Podiatrist
- Christopher Garbowski / Podiatrist / Health Care Facility
- Tedman Tan / Podiatrist
Property Details for 238 Chestnut Ave
- Year built
- 1949
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.35 lot acres
- Zone code
- B-4
- Property type
- Commercial real estate
- APN
- 14 03914-0000-00009
- APU
- 1403914000000009
Description
This exceptional 8,000 square foot multi-family property located at 238 W Chestnut Avenue in Vineland, NJ presents a compelling investment opportunity. Situated on a highly visible 0.35-acre corner lot, this building enjoys significant daily traffic exposure, averaging 14,000 cars passing by. Previously used as a medical building, the property offers immense flexibility for a variety of uses. The building's design incorporates separate utilities for each unit, allowing for efficient management and potential for multiple tenants. Currently, one unit is leased, providing immediate income generation for the new owner. The property's prime location and substantial size make it an ideal choice for owner-occupants seeking a blend of business and residential space, or for investors looking to capitalize on a high-traffic area with strong rental potential. The building's adaptable layout and existing infrastructure offer a solid foundation for a variety of commercial ventures. This is a rare opportunity to acquire a well-positioned multi-family property in a thriving area of Vineland, New Jersey. The asking price is $725,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $290,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $280,000
- 6.5%
- $285,000
- 7%
- $295,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $280,000
- Geo Method
- $280,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $335,000
- Retail
- $375,000
- Mixed-Use
- $315,000
- Hospitality
- $330,000
- Educational
- $375,000
- Residential Income
- $270,000
- Energy
- $350,000
- Income-Based Land
- $275,000
- Food Service
- $380,000
Location Insight
- Map
- Local Demand
- City
- Vineland
- County
- Cumberland
- State
- New Jersey
- Longitude
- -75.0319
- Latitude
- 39.4796
- CBSA code
- 47220
- CBSA name
- VINELAND-MILLVILLE-BRIDGETON, NJ METROPOLITAN STATISTICAL AREA
