7 Lincoln Ave Vineland, NJ 08361
- Commercial real estate
- 0.91 lot acres
Current Use by Public Records
- Tri Gulf / Gas Station
Property Details for 7 Lincoln Ave
- Year built
- 1997
- Lot size
- 0.91 lot acres
- Property type
- Commercial real estate
- APN
- 14 03303-0000-00019
- APU
- 1403303000000019
Description
This exceptional 39,640 square foot retail property presents a unique redevelopment opportunity in Vineland, NJ. Situated on a 0.91-acre lot at the highly visible intersection of Landis Avenue (CR 540) and Lincoln Road, this location boasts exceptional visibility and accessibility. The property enjoys 229+ feet of frontage on Landis Avenue and 179+ feet on Lincoln Road, ensuring maximum exposure to the substantial daily traffic volume. Landis Avenue sees 8,140 vehicles per day (2018 data), while Lincoln Road registers 11,298 vehicles per day (2017 data). The B-4 zoning allows for a diverse range of uses, including restaurants (fast food included), bars, taverns, gas stations, produce markets, and new/used car sales, among others. Its strategic location directly abuts Lincoln Plaza, home to Inspira Urgent Care, Salon Bella, and Queen restaurant, and sits across the street from a CVS pharmacy and ShopRite, ensuring high foot traffic and established commercial synergy. This prime location offers significant potential for savvy developers and entrepreneurs seeking a high-impact investment in a thriving commercial area. The asking price is $700,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $265,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $435,000
- 6.5%
- $385,000
- 7%
- $400,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $355,000
- Geo Method
- $335,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $420,000
- Retail
- $410,000
- Mixed-Use
- $375,000
- Hospitality
- $420,000
- Educational
- $345,000
- Residential Income
- $375,000
- Energy
- $315,000
- Income-Based Land
- $340,000
- Food Service
- $360,000
Location Insight
- Map
- Local Demand
- City
- Vineland
- County
- Cumberland
- State
- New Jersey
- Longitude
- -74.9565
- Latitude
- 39.4832
- CBSA code
- 47220
- CBSA name
- VINELAND-MILLVILLE-BRIDGETON, NJ METROPOLITAN STATISTICAL AREA