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Property profile & analytics
FOR SALE
Truck stops

455 Shell Rd Penns Grove, NJ 08069

139.82 ac lot
Entity Owned 12-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US59-3104599
Property summary
AI-generated overview

This exceptional 119-acre land parcel, located at 455 Shell Road in Penns Grove, New Jersey (Salem County, zip code 08069), presents a significant opportunity for industrial development. The property, identified as Block 193, Lot 7, is zoned for Light Industrial use, offering considerable flexibility for various projects. Previous approvals existed for a substantial 350,000 square foot warehouse, providing a strong foundation for future development plans. The expansive lot size allows for significant scale and potential for large-scale industrial construction. The property's strategic location in Penns Grove offers convenient access to major transportation arteries, facilitating efficient logistics and distribution. Detailed site plans and historical zoning information are available upon request. The 2023 property taxes were $107,642.20. This is a rare opportunity to acquire a large, well-located industrial land parcel with a proven track record of development potential. Serious inquiries only. Buyers are responsible for conducting their own due diligence. This information is believed to be accurate but is not guaranteed.

Property profile
Verified
Property type Truck stops
Use group TRUCK STOP (FUEL AND DINER)
Lot 139.82 ac (6,090,559 SF)
Zoning code LI
APN 02 00193-0000-00007
UPID US59-3104599
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
Multani Real Estate LLC · 12 yrs held
Multani Real Estate LLC
since 2013
6 recorded transactions
2013
$3.1M
2007
$2.9M
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
LI · Penns Grove, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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