291 Harding HwyCarneys Point Township, NJ 08069

Property Details for 291 Harding Hwy

Year built

1957

Lot size

3.64 AC

Property size (Sq ft)

2,268 SF

Zone code

LC

Property type

Office buildings

APN

02 00060-0000-00022

APU

200060000000022

Description

This exceptional 21-acre industrial property in Carneys Point, NJ, presents a compelling investment opportunity. The site boasts three buildings: one well-maintained office building and two warehouses, currently occupied by numerous long-standing tenants generating a stable income stream. The property's strategic location offers easy access to major transportation arteries including Route 295 Interstate, the NJ Turnpike, and Route 40, providing convenient access to Delaware and Philadelphia. The diverse tenant portfolio reflects the property's versatility and appeal to various industries. The ample land provides significant potential for future expansion or redevelopment projects, catering to evolving business needs. This well-maintained property offers a blend of immediate income generation and long-term growth potential, making it an attractive investment for both seasoned investors and businesses seeking to expand their operations. The existing infrastructure ensures operational efficiency for current and future tenants. The asking price for this significant industrial complex is $7,000,000. This property offers a rare combination of size, location, and income potential in a thriving economic region.

• CAP approach

  CAP return

  Valuation

  6%

  $969,280

  6.5%

  $894,720

  7%

  $830,811

• Comparable approach

  Method

  Valuation

  Relative Method

  $480,983

  Geo Method

  $296,337

• Alternative Use

  Use

  Valuation

  Residential

  $1,109,452

  Hospitality

  $1,016,252

  Educational

  $845,510

  Medical

  $874,588

  Retail

  $1,315,238

Location Insight

City

Penns Grove

County

Salem

State

New Jersey

Latitude

39.7201

Longitude

-75.4579

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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