291 Harding HwyCarneys Point Township, NJ 08069
- Office properties
- 2,268 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].