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    OFF-MARKET
    Commercial real estate

    670 Shunpike Rd, Middle Township, NJ 08210

    2.4 ac lot
    Individually Owned 3-yr Hold
    Property ID
    US59-1852176
    Property summary
    AI-generated overview

    This exceptional 2.4-acre commercial and industrial land parcel in Middle Township, New Jersey (zip code 08210, located at 670 Shunpike Rd), presents a unique development opportunity. Situated directly across from a Home Depot in Cape May Court House, this prime location offers unparalleled access to the heart of the town's business center and the entire Cape May County. The property is zoned TC and boasts pre-approved plans for a flexible 60,000 square foot (two-story) or 30,000 square foot (one-story) flex/warehouse building. This versatility allows for a wide range of potential uses, including but not limited to, a modern warehouse facility, distribution center, or even a mini-storage facility. The approved plans for a three-story building could potentially increase the total square footage to 90,000. Its strategic location provides convenient access to major roadways, ensuring high visibility and easy accessibility for both employees and customers. The asking price for this remarkable property is $574,950. This presents a rare chance to establish a thriving business in a high-traffic area with significant growth potential. Don't miss this opportunity to secure a prominent position within Cape May County's dynamic commercial landscape.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 2.4 ac (104,544 SF)
    UPID US59-1852176
    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
    Wenger Foundation · 3 yrs held
    Wenger Foundation
    since 2022
    2 recorded transactions
    2022
    $399,000
    2021
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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