291 Harding HwyCarneys Point Township, NJ 08069

  • Office properties
  • 2,268 SF
For Sale
$7,000,000 View listing

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
291 Harding Hwy, Carneys Point Township, New Jersey

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$12,921
$161,700
$224,000
$385,700
-
$161,700
$224,000
$385,700

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