455 Shell Rd Penns Grove, NJ 08069
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
LI · Penns Grove, NJCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.