22 Railroad Ave Oldmans Township, NJ 08067
- Retail space
- 0.38 lot acres
Current Use by Public Records
- Retail space
Property Details for 22 Railroad Ave
- Lot size
- 0.38 lot acres
- Property type
- Retail space
- Property subtype
- Storefront properties
Description
This vacant 0.38-acre storefront property at 22 S Railroad Ave, Oldmans Township, NJ 08067, presents a unique investment opportunity. Priced at $99,500, the property is fully entitled and approved for development into a four-unit mixed-use building, comprising two apartments and two commercial units. All necessary approvals are in place, including those from the Township Planning/Zoning Board, County Planning Board, Salem-Cumberland Soil & Water Conservation, NJDEP, and the County Department of Health (for the septic system). Completed architectural plans, including mechanical and electrical specifications, are available, making this a "shovel-ready" project. The property's location in the heart of Pedricktown offers significant advantages. Furthermore, the owner of the developed site will benefit from a Pilot (Payment in Lieu of Taxes) abatement program. This exceptional opportunity allows for immediate development and the creation of passive income streams. Don't miss this chance to secure a prime retail and residential investment in a thriving New Jersey community.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oldmans Township
- County
- Salem
- State
- New Jersey
- Longitude
- -75.4050863
- Latitude
- 39.7579187