Property profile

1348 Route 38 Hainesport, NJ 08036

FOR SALE
Commercial real estate
Property ID
US59-1384701
44.18 ac lot
Entity Owned 6-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 7,000 square foot commercial property, situated on a 0.44-acre lot at 1348 Route 38 in Hainesport, NJ, presents a unique investment opportunity. The building is comprised of three interconnected spaces, offering remarkable versatility for a wide range of commercial uses. The main building features a spacious showroom ideal for retail, complete with a full bathroom. Upstairs, four private offices and another full bathroom provide ample space for administrative functions. Two additional large flex spaces adjoin the showroom, providing significant expansion potential. These spaces could be adapted for various uses, including restaurants, recreational facilities, personal service businesses, medical clinics, or office space for a variety of professional services (finance, insurance, government, etc.). The property boasts dynamic, high-visibility highway frontage and excellent signage opportunities, ensuring maximum exposure for your business. This strategic location offers unparalleled convenience and accessibility for customers and employees alike. The property's adaptability and prime location make it an exceptional investment for both owner-occupiers and investors seeking a strong return. The asking price is $750,000.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction CONCRETE BLOCKS
Lot 44.18 ac (1,924,358 SF)
APN 16 00108-0000-00002- 01
UPID US59-1384701

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1348 Route 38 Hainesport, NJ 08036
Hainesport metro Census 703000 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2020
2 recorded transactions
2020
Price N/A
2014
$350,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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