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    OFF-MARKET
    Industrial properties

    1022 Spruce St, Vineland, NJ 08360-2841

    18.18 ac lot Built 1997
    Entity Owned 9-yr Hold ~ Est. High Equity
    Property ID
    US59-0055621
    Property summary
    AI-generated overview

    This expansive 18.18-acre lot at 1022 Spruce Street, Vineland, NJ, presents a unique opportunity for entrepreneurs and organizations seeking a substantial commercial space. The property boasts a generous 3,200 square feet of versatile interior space, perfect for a wide array of business ventures. High ceilings and an open floor plan offer exceptional flexibility in design and layout, allowing for customization to suit specific operational needs. Whether envisioning a creative studio, retail establishment, office complex, or community hub, this property provides the canvas for your vision. The property is being offered as-is, requiring the tenant to secure all necessary permits and approvals from the city and property owner. Prospective tenants are responsible for conducting thorough due diligence regarding operational requirements and undertaking any necessary interior renovations to tailor the space to their specific business needs. The substantial lot size offers ample potential for future expansion or outdoor amenities. This is an exceptional opportunity to establish a thriving business in a well-located property. The asking price is to be determined.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1997
    Construction CONCRETE BLOCKS
    Lot 18.18 ac (791,921 SF)
    Zoning code I-2
    APN 14 02302-0000-00012
    UPID US59-0055621
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Kimble Chase Life Science Medical Supply Store
    • Guercio Electric LLC Industrial Manufacturer Production Facility
    • Shiloh Machine, LLC Industrial Manufacturer
    • Worldwide Glass Resource Inc. Production Facility
    • American Chromatography Supplies Production Facility
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Wordwide Real Estate Associates LLC · 9 yrs held
    Wordwide Real Estate Associates LLC
    since 2016
    3 recorded transactions
    2017
    2016
    $1.3M
    2005
    $100
    Zoning & alternative use
    I-2 · Vineland, NJ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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