207 BroadwayPennsville Township, NJ 08070

Property Details for 207 Broadway

Lot size

1.17 AC

Zone code

4/0

Property type

Commercial real estate

APN

09 01605-0000-00006

APU

901605000000006

Description

This exceptional owner-user opportunity presents a 1,822 square foot convenience store and gas station situated on a 1.68-acre lot in Pennsville Township, New Jersey, at 207 North Broadway, zip code 08070. The property boasts a highly desirable location on a main road off US Highway 40, attracting significant residential and commuter traffic. Its strategic placement near prominent national and regional retailers ensures high visibility and substantial consumer traffic, contributing to strong fuel sales. The station features recently installed, brand-new equipment including a POS system, fuel dispensers, double-walled spill buckets, and a UDC system, guaranteeing reliable operations and high safety standards. The unbranded fuel allows for immediate branding or contract negotiation with a preferred distributor. An existing car wash tunnel presents a significant opportunity for expansion and increased revenue generation. The ample 1.68-acre lot offers considerable potential for future development, including expansion of parking, construction of a larger convenience store, auto repair shop, or further car wash expansion. Financial performance data for 2023 is available upon request, showcasing the property's strong financial history. This turnkey operation is ideal for established or growing operators seeking a profitable venture in a high-traffic area. The property is currently operating at 100% occupancy. Asking price is $1,950,000.

• CAP approach

  CAP return

  Valuation

  6%

  $24,638,700

  6.5%

  $22,743,400

  7%

  $21,118,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,788,000

  Geo Method

  $6,646,540

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $43,971,100

  Retail / Commercial

  $22,705,800

  Mixed-Use / Specialty

  $22,749,100

  Hospitality / Lodging

  $16,852,100

  Office

  $22,743,400

  Institutional / Educational

  $23,694,300

  Residential Income

  $27,722,300

  Multifamily

  $32,559,900

  Automotive / Energy

  $20,309,400

  Parking / Income-Based Land

  $6,885,780

  Restaurant / Food Service

  $12,097,100

  Healthcare / Senior Housing

  $23,201,400

Location Insight

City

Pennsville

County

Salem

State

New Jersey

Latitude

39.666

Longitude

-75.5089

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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