For Sale
$850,000

446 Chris Gaupp DrGalloway, NJ 08205

3.5-acre commercial site, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 3.5-acre commercial land parcel in Galloway Township, NJ, presents a unique investment opportunity. Zoned PO, it boasts current township administrative approval for various development scenarios, making it ideal for market-rate student housing. The property's strategic location offers unparalleled convenience, situated just 2.4 miles from Stockton University's main campus, 1 mile from AtlantiCare Regional Medical Center Mainland Campus, and within 1.7 miles of both north and south Garden State Parkway entrances/exits. Proximity to US Route 30 (White Horse Pike) further enhances accessibility. Preliminary plans envision two dormitory buildings totaling 36,752 square feet, accommodating between 120 and 196 beds. Options range from units with shared bathrooms to private suites with individual baths and living areas, offering flexibility for diverse development strategies. Detailed marketing packages, including projected income, expenses, and building costs, are available upon request. This is a rare chance to capitalize on the strong demand for student housing near a major university and a thriving medical center. The asking price is $850,000. Broker co-op is available. The property is located at 446 Chris Gaupp Dr, Galloway, NJ 08205.

Highlights

  • $850,000 asking price for 3.5-acre commercial land parcel in Galloway, NJ.
  • PO zoning.
  • Prime development site for market-rate student housing, 2.4 miles from Stockton University.
  • Excellent location near AtlantiCare Regional Medical Center and Garden State Parkway.
  • Existing township approvals for various building plans (up to 36,752 sq ft) with potential for 120-196 beds.
  • Detailed marketing package available upon request, including pro forma financials.

Property Details for 446 Chris Gaupp Dr

Property type
Land
Lot Size (sq. ft)
152,460 SF

Location Insight

City
Galloway
County
Atlantic
State
New Jersey
Latitude
39.465287593957
Longitude
-74.54452144971
446 Chris Gaupp Dr, Galloway, New Jersey

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446 Chris Gaupp Dr
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