215 Ash St Delanco, NJ 08075
- Commercial real estate
- 0.95 lot acres
Current Use by Public Records
- The Swags / Train Depot
Property Details for 215 Ash St
- Year built
- 1920
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.95 lot acres
- Zone code
- R-6
- Property type
- Commercial real estate
- APN
- 09 01411-0000-00001
- APU
- 901411000000001
Description
This unique 7,000 square foot industrial property in Delanco, NJ, presents a rare opportunity. Situated on the Rancocas Creek, offering direct access to the Delaware River via a concrete boat ramp, this fee-simple property boasts a 7,000 square foot cinder block building with a cement slab. The building, built in 1920, is currently vacant and classified as Class C, requiring significant renovation or demolition. The property features 22 parking spaces and one dock-high door. Ceiling heights vary from 8 to 14 feet. Zoned R-6, the property has undergone environmental remediation addressing several areas of concern, with a deed restriction prohibiting residential or school construction. Public water and sewer are available. The property's prime location offers easy access to major roadways including Interstate 295, the NJ Turnpike, AC Expressway, Garden State Parkway, and local routes 206, 73, 70, and 38, as well as several bridges. Its proximity to the Rancocas Creek Greenway Trail, major shopping centers (Centerton Square, Wegmans, Costco), and prominent medical institutions (University of Pennsylvania, Jefferson, Virtua, Fox Chase, Cooper) adds significant value. The property is being sold "as is," with all inspections and certifications the responsibility of the buyer. This presents a unique opportunity for redevelopment or repurposing in a rapidly growing area. The asking price is $349,900. APN: 09-01411-00001.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $265,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $260,000
- 6.5%
- $255,000
- 7%
- $260,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $240,000
- Geo Method
- $270,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $210,000
- Retail
- $230,000
- Mixed-Use
- $250,000
- Hospitality
- $225,000
- Educational
- $220,000
- Residential Income
- $240,000
- Energy
- $220,000
- Income-Based Land
- $215,000
- Food Service
- $260,000
Location Insight
- Map
- Local Demand
- City
- Delanco
- County
- Burlington
- State
- New Jersey
- Longitude
- -74.9558
- Latitude
- 40.0453
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
