199 Woodbury RdPitman, NJ 08071

Property Details for 199 Woodbury Rd

Year built

1972

Construction

BRICK

Lot size

0.57 AC

Property size (Sq ft)

6,864 SF

Zone code

TRO

Property type

Commercial real estate

APN

15 00141-0000-00010

APU

1500141000000010

Description

This exceptional office property, located at 199 North Woodbury Road in Pitman, New Jersey, offers a fantastic opportunity for businesses seeking versatile and well-situated space. The building, constructed in 1972, boasts a total of 6,685 square feet situated on a 0.57-acre lot. Currently configured for multiple tenants, this presents a unique chance to lease a portion of the building or potentially the entire space. One immediately available suite measures 553 square feet, ideal for a smaller professional practice or office. The building's classification as a "Professional" office suggests a high-quality build and suitable environment for businesses requiring a polished and professional image. The property is conveniently located in Pitman, Gloucester County, New Jersey, offering easy access to major roadways and local amenities. The zip code is 08071. This is an excellent opportunity to establish or expand your business in a desirable and well-established location. The property's size and layout offer flexibility for a variety of business needs. Serious inquiries are encouraged to explore this promising commercial real estate opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $2,242,340

  6.5%

  $2,069,850

  7%

  $1,922,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $896,850

  Geo Method

  $896,850

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,979,580

  Retail / Commercial

  $2,059,400

  Mixed-Use / Specialty

  $2,066,790

  Hospitality / Lodging

  $1,535,510

  Office

  $2,069,850

  Institutional / Educational

  $2,153,890

  Residential Income

  $2,520,050

  Multifamily

  $2,940,750

  Automotive / Energy

  $1,846,190

  Parking / Income-Based Land

  $622,545

  Restaurant / Food Service

  $1,106,390

  Healthcare / Senior Housing

  $2,104,350

Location Insight

City

Pitman

County

Gloucester

State

New Jersey

Latitude

39.7401

Longitude

-75.1229

CBSA code

37980

CBSA name

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

Property Tax & Assessments

FAQs

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