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Property profile & analytics

235 Broadway Pennsville, NJ 08070

  • Commercial real estate
  • 0.86 lot acres
OFF-MARKET
Last Sale
May 15, 2024
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US59-2542950
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Save A Lot / Grocery & Convenience Store / Food Market
  • Ranch Hope Salem County Thrift Mall / Discount Store
  • AutoZone Auto Parts / Auto Parts Store
  • ATM / Atm

Property Details for 235 Broadway

Lot size
0.86 lot acres
Zone code
CM
Property type
Commercial real estate
APN
09 03101-0000-00018- 02
APU
90310100000001802

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Pennsville
County
Salem
State
New Jersey
Longitude
-75.5182
Latitude
39.6436
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$54,196
$194,200
$945,800
$1,140,000
-
$194,200
$945,800
$1,140,000
More about this property
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