Property profile

291 Harding Hwy Carneys Point, NJ 08069

FOR SALE
Office buildings
Property ID
US59-1437198
2,268 SF 3.64 ac lot Built 1957
Entity Owned 19-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 21-acre industrial property in Carneys Point, NJ, presents a compelling investment opportunity. The site boasts three buildings: one well-maintained office building and two warehouses, currently occupied by numerous long-standing tenants generating a stable income stream. The property's strategic location offers easy access to major transportation arteries including Route 295 Interstate, the NJ Turnpike, and Route 40, providing convenient access to Delaware and Philadelphia. The diverse tenant portfolio reflects the property's versatility and appeal to various industries. The ample land provides significant potential for future expansion or redevelopment projects, catering to evolving business needs. This well-maintained property offers a blend of immediate income generation and long-term growth potential, making it an attractive investment for both seasoned investors and businesses seeking to expand their operations. The existing infrastructure ensures operational efficiency for current and future tenants. The asking price for this significant industrial complex is $7,000,000. This property offers a rare combination of size, location, and income potential in a thriving economic region.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1957
Total area 2,268 SF
Lot 3.64 ac (158,558 SF)
Zoning code LC
APN 02 00060-0000-00022
UPID US59-1437198

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
  • Physician
  • Physician
  • Physician
  • Physician
  • Physician

Location

291 Harding Hwy Carneys Point, NJ 08069
Carneys Point metro Census 20400 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$355k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$355k

Owner & transaction history

since 2006
2 recorded transactions
2006
$1
2003
Price N/A

Zoning & alternative use

LC · Penns Grove, 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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