215 Ash StDelanco, NJ 08075

Property Details for 215 Ash St

Year built

1920

Construction

CONCRETE BLOCKS

Lot size

0.95 AC

Zone code

R-6

Property type

Commercial real estate

APN

09 01411-0000-00001

APU

901411000000001

Description

This unique 7,000 square foot industrial property in Delanco, NJ, presents a rare opportunity. Situated on the Rancocas Creek, offering direct access to the Delaware River via a concrete boat ramp, this fee-simple property boasts a 7,000 square foot cinder block building with a cement slab. The building, built in 1920, is currently vacant and classified as Class C, requiring significant renovation or demolition. The property features 22 parking spaces and one dock-high door. Ceiling heights vary from 8 to 14 feet. Zoned R-6, the property has undergone environmental remediation addressing several areas of concern, with a deed restriction prohibiting residential or school construction. Public water and sewer are available. The property's prime location offers easy access to major roadways including Interstate 295, the NJ Turnpike, AC Expressway, Garden State Parkway, and local routes 206, 73, 70, and 38, as well as several bridges. Its proximity to the Rancocas Creek Greenway Trail, major shopping centers (Centerton Square, Wegmans, Costco), and prominent medical institutions (University of Pennsylvania, Jefferson, Virtua, Fox Chase, Cooper) adds significant value. The property is being sold "as is," with all inspections and certifications the responsibility of the buyer. This presents a unique opportunity for redevelopment or repurposing in a rapidly growing area. The asking price is $349,900. APN: 09-01411-00001.

• CAP approach

  CAP return

  Valuation

  6%

  $8,646,550

  6.5%

  $7,981,430

  7%

  $7,411,330

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,399,520

  Geo Method

  $5,399,520

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $15,416,100

  Retail / Commercial

  $7,963,530

  Mixed-Use / Specialty

  $7,981,040

  Hospitality / Lodging

  $5,915,190

  Office

  $7,981,430

  Institutional / Educational

  $8,313,470

  Residential Income

  $9,726,760

  Multifamily

  $11,411,300

  Automotive / Energy

  $7,125,830

  Parking / Income-Based Land

  $2,413,690

  Restaurant / Food Service

  $4,248,960

  Healthcare / Senior Housing

  $8,137,340

Location Insight

City

Delanco

County

Burlington

State

New Jersey

Latitude

40.0453

Longitude

-74.9558

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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