608 Little Gloucester Rd Blackwood, NJ 08012-5213
- Office Properties & Spaces
- 2.98 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 608 Little Gloucester Rd
- Lot size
- 2.98 lot acres
- Property type
- Office Properties & Spaces
- APN
- 15 08105-0000-00032-0000-C0608
- APU
- 15081050000000320000C0608
Description
This exceptional 5,020 square foot commercial property, located at 608 Little Gloucester Road in Gloucester Township, New Jersey (zip code 08012), presents a unique investment opportunity. The property is zoned for office use and is offered at an asking price of $425,000. A significant advantage is the existing foundation for a building of approximately 5,020 square feet, already equipped with crucial infrastructure including storm water management, utilities, curbs, parking, and lighting. This ready-to-build pad site shares a parking lot with The Learning Experience, ensuring ample parking for tenants and visitors. The location benefits from local tax incentives aimed at stimulating commercial growth, details of which are available through the Tax Abatement Program. Ownership is part of a condominium association, providing the benefits of shared parking, professional property management, and clearly defined easement rights. Situated at the high-traffic intersection of Little Gloucester Road and Hider Lane, this property boasts excellent visibility and accessibility. Its proximity to major highways and other established businesses makes it exceptionally well-suited for a variety of office or retail uses. This is a turnkey opportunity to establish a presence in a thriving commercial area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,860,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,995,000
- 6.5%
- $3,160,000
- 7%
- $3,020,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,640,000
- Geo Method
- $3,810,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,350,000
- Retail
- $2,835,000
- Mixed-Use
- $2,630,000
- Hospitality
- $3,400,000
- Educational
- $3,500,000
- Residential Income
- $2,900,000
- Energy
- $3,240,000
- Income-Based Land
- $3,340,000
- Food Service
- $3,520,000
Location Insight
- Map
- Local Demand
- City
- Blackwood
- County
- Camden
- State
- New Jersey
- Longitude
- -75.0478
- Latitude
- 39.8148
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
