200 Broad St Woodbury, NJ 08096
- Commercial real estate
- 0.26 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 200 Broad St
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.26 lot acres
- Property type
- Commercial real estate
- APN
- 14 00106-0000-00001
- APU
- 1400106000000001
Description
This exceptional 5,000 square foot freestanding building sits on a one-acre lot in the heart of historic Woodbury, the county seat of Gloucester County. Currently vacant, this property presents a unique opportunity for a single tenant or multiple tenants. The building's versatile nature allows for a variety of uses, including medical offices, traditional office space, executive suites, fast food, or quick-service restaurants. Its location within the Inspira Healthcare Redevelopment Zone offers significant advantages. The property boasts 50 parking spaces, ensuring ample convenience for employees and clients. Enjoy scenic lakefront views, adding to the property's appeal. The building's design allows for a potential drive-thru, further enhancing its adaptability. Its proximity to Gloucester County Courts and Offices provides excellent accessibility and visibility. This is a ground lease opportunity with a build-to-suit option, giving the tenant flexibility to customize the space to their exact needs. Whether you choose to reuse the existing structure or construct a new building entirely, this property offers unparalleled potential in a desirable location. The one-acre lot provides ample space for expansion or future development. This is a rare chance to establish a presence in a thriving community with a rich history and promising future.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $270,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $265,000
- 6.5%
- $225,000
- 7%
- $240,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $230,000
- Geo Method
- $255,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $235,000
- Retail
- $280,000
- Mixed-Use
- $240,000
- Hospitality
- $250,000
- Educational
- $270,000
- Residential Income
- $200,000
- Energy
- $235,000
- Income-Based Land
- $255,000
- Food Service
- $210,000
Location Insight
- Map
- Local Demand
- City
- Paulsboro
- County
- Gloucester
- State
- New Jersey
- Longitude
- -75.2377
- Latitude
- 39.8307
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA