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Property profile & analytics
OFF-MARKET
Commercial real estate

2424 Cedar St Millville, NJ 08332

53 ac lot
Property ID
US59-1591580
Property summary
AI-generated overview

This exceptional 53-acre industrial land parcel presents a unique investment opportunity in Millville, New Jersey. Strategically located across from the Millville airport, this property boasts significant advantages for various industrial uses. The land comprises three separate lots (90.01, 90.02, and 91) within the Airport Enterprise Zone (AE), offering considerable flexibility for development. Existing infrastructure includes readily available city water and sewer, along with pre-installed cable and electric services, significantly reducing initial development costs. The property features approximately 300 feet of road frontage, providing excellent accessibility. Permitted uses under the AE zoning include manufacturing, storage, light manufacturing and distribution, transportation depots, and cannabis cultivation (classes 1, 2, 3, and 4). The seller is open to build-to-suit options or lease arrangements, providing further adaptability to meet specific business needs. This is a rare opportunity to acquire a large, well-situated industrial land parcel in a thriving area, offering substantial potential for significant return on investment. The asking price for this exceptional property is $550,000. Located in Cumberland County, NJ, zip code 08332, at 2424 Cedar St, Millville.

Property profile
Verified
Property type Commercial real estate
Lot 53 ac (2,308,680 SF)
UPID US59-1591580
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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