Property profile

235 Broadway Pennsville, NJ 08070

OFF-MARKET
Commercial real estate
Property ID
US59-2542950
0.86 ac lot
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

Cranberry Plaza Shopping Center presents a compelling retail investment opportunity in Salem County. This established 150,000 square foot shopping center offers multiple tenancy options, with two spaces currently available. One space is a junior anchor opportunity, ideal for a larger tenant requiring significant square footage. The minimum divisible space is 4,000 square feet, while larger spaces up to 19,000 square feet are also available. Currently, 24,000 square feet of space is vacant, providing immediate potential for income generation. The property sits on a half-acre lot, offering convenient access and visibility. A significant boost to the center's appeal is the planned opening of a Wawa with gas station in late 2025, which is expected to drive increased foot traffic and enhance the overall shopping experience. This strategic location within Salem County provides access to a strong consumer base. The existing tenant mix offers a diverse range of retail options, creating a vibrant and attractive shopping destination. This is an exceptional opportunity for investors seeking a well-located, established retail property with significant upside potential. The available spaces offer flexibility for a variety of retail concepts, making this an attractive investment for both established businesses and new ventures. Contact us today to learn more about this exciting opportunity.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.86 ac (37,592 SF)
Zoning code CM
APN 09 03101-0000-00018- 02
UPID US59-2542950

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Grocery & Convenience Store Food Market
  • Discount Store
  • Auto Parts Store
  • Atm

Location

235 Broadway Pennsville, NJ 08070
Pennsville metro Census 21600 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$415k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$415k

Owner & transaction history

since 2024
1 recorded transaction
2024
Price N/A

Zoning & alternative use

CM · Pennsville, NJ

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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