You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
FOR SALE
Office buildings

317 Shell Rd Penns Grove, NJ 08069

2,288 SF 1.07 ac lot Built 1978
Individually Owned 3-yr Hold Free & Clear
Property ID
US59-1813177
Property summary
AI-generated overview

This stunning brick colonial-style executive office building, situated on a one-acre lot in Penns Grove, New Jersey, presents a unique investment opportunity. Boasting 2,288 square feet, the property features three prestigious executive offices, a spacious central waiting area, a large library/conference room, and two powder rooms. Three additional accessory offices provide ample workspace. The building is equipped with Verizon phone service and LAN internet access. Recent upgrades include a complete renovation in 2024, featuring new Andersen replacement windows and blinds throughout, and a new front entryway and door. A back powder room was updated three years prior with a modern stand-up shower, and exterior doors were replaced with steel doors and trim within the last five years. The property is zoned LC - Light Commercial, allowing for a variety of uses including professional and business offices, retail, banks, personal services, and medical/dental clinics. Its convenient location offers easy access to major transportation arteries, including the Delaware Memorial Bridge, NJ Turnpike (exit 1), I-295, and Route 322/PA Bridges. The asking price is $475,000. This property represents a compelling opportunity for businesses seeking a high-visibility location with significant potential.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1978
Total area 2,288 SF
Lot 1.07 ac (46,653 SF)
APN 02 00144-0000-00017
UPID US59-1813177
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Michael M Mulligan · 3 yrs held
Michael M Mulligan
since 2022
Last sale
$8,000
4 recorded transactions
2022
Price N/A
2020
Price N/A
2018
$8,000
2017
$260,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
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
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message