Financial
Distress signals
Property profile

305 Virginia Ave Penns Grove, NJ 08069

OFF-MARKET
Commercial real estate
Property ID
US59-2584392
720 SF
Individually Owned Owner of record is an individual. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 11,000-square-foot industrial property, situated on a generous 5-acre lot in Carneys Point, New Jersey, presents a compelling investment opportunity. The property is currently vacant, offering immediate occupancy for a single tenant. The building is classified as a maintenance shop, suggesting suitability for a variety of industrial uses. Its substantial size and expansive land area provide ample space for operations, storage, and potential expansion. The location in Salem

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$17k
Tax billed · 2023
Assessed value · 2024$482k
Assessed land$170k
Assessed improvement$312k
Effective rate3.56%

Value estimate

· Sep 2026
$335k
$302k – $369k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$50/SF
ZIP average, outlier-cleaned · 35 recorded sales of this use type
Observed band · Q1–Q3$27 – $86
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSALEM

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency11.2
Dental Office9.1
Parking Facility8.8

Location

305 Virginia Ave Penns Grove, NJ 08069-1126
County assessor Recorded deeds · not on file 7 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1 Virginia, Penns Grove, NJ 08069-1716 $4,780,000 Jul 2025 946 SF
75 Main, Penns Grove, NJ 08069-1301 $80,000 May 2025 864 SF
160 Main, Penns Grove, NJ 08069-1308 $110,000 May 2024 1,408 SF
1088 Harding, Penns Grove, NJ 08069-3632 $260,000 Aug 2023 1,092 SF
275 Shell, Penns Grove, NJ 08069-2423 $65,000 Jul 2023 1,070 SF
6 Main, Penns Grove, NJ 08069-1464 $115,000 Apr 2023 1,460 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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