842 Salem Quinton Rd Salem, NJ 08079
This exceptional 62-acre property located at 842 Salem Quinton Road, Salem, New Jersey, 08079 presents a unique investment opportunity. Currently used as farmland, this open, cleared, and level land boasts significant development potential due to its versatile LI/O zoning. The permitted zoning allows for a variety of uses, including warehousing and residential development. Specifically, the property permits the construction of warehouses with a 22% floor area ratio (FAR) and impressive 45-foot ceiling heights. For residential development, the zoning allows for 6,500 square foot detached lots with 50-foot frontages, falling under the Village Residential (VR) designation. Detailed survey, topographic, and engineering documents are readily available for review. The asking price for this expansive property is $10,000,000. While a 100-acre minimum is typically required for certain uses, this property's zoning and existing infrastructure offer significant flexibility and potential for a variety of development projects. This is a rare opportunity to acquire a large parcel of land in Salem County with diverse development possibilities.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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
No recorded transactions found for this property.
Costs & 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.