455 Shell RdPenns Grove, NJ 08069

Property Details for 455 Shell Rd

Lot size

139.82 AC

Zone code

LI

Property type

Retail properties

Property subtype

Truck stops

APN

02 00193-0000-00007

APU

200193000000007

Description

This exceptional 119-acre land parcel, located at 455 Shell Road in Penns Grove, New Jersey (Salem County, zip code 08069), presents a significant opportunity for industrial development. The property, identified as Block 193, Lot 7, is zoned for Light Industrial use, offering considerable flexibility for various projects. Previous approvals existed for a substantial 350,000 square foot warehouse, providing a strong foundation for future development plans. The expansive lot size allows for significant scale and potential for large-scale industrial construction. The property's strategic location in Penns Grove offers convenient access to major transportation arteries, facilitating efficient logistics and distribution. Detailed site plans and historical zoning information are available upon request. The 2023 property taxes were $107,642.20. This is a rare opportunity to acquire a large, well-located industrial land parcel with a proven track record of development potential. Serious inquiries only. Buyers are responsible for conducting their own due diligence. This information is believed to be accurate but is not guaranteed.

• CAP approach

  CAP return

  Valuation

  6%

  $3,826,313,472

  6.5%

  $3,531,981,824

  7%

  $3,279,697,408

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,254,950,912

  Geo Method

  $2,005,396,992

• Alternative Use

  Use

  Valuation

  Residential

  $2,979,358,720

  Hospitality

  $2,729,076,480

  Educational

  $2,270,559,744

  Medical

  $2,348,647,680

  Retail

  $3,531,981,824

Location Insight

City

Penns Grove

County

Salem

State

New Jersey

Latitude

39.6903

Longitude

-75.4796

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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].