117 Delsea DrSewell, NJ 08080

Property Details for 117 Delsea Dr

Lot size

1.69 AC

Zone code

HC

Property type

Office buildings

APN

18 00015-0000-00002

APU

1800015000000002

Description

This exceptional commercial property in Sewell, NJ, offers unparalleled visibility at a busy 5-Points intersection, boasting over 25,000 daily vehicles. The 1.69-acre lot features a two-story building (999 sqft) with a full basement and walk-up attic, providing ample storage. The first floor includes multiple offices, a reception area, and two half-bathrooms. The second floor offers a kitchen, two bedrooms, and attic access. The property enjoys over 300 feet of frontage on Delsea Drive and an additional 150 feet on Blackwood Barnsboro Road, ensuring easy access and ample parking. A complete pass-through block enhances customer convenience. An adjacent 0.689-acre lot is also available, including a 3-bedroom, 1.5-bath house, a 2-bay truck garage, two additional garages, and three sheds, offering significant expansion potential. This combined 2+ acre property is zoned High Commercial and is ideally suited for a variety of businesses, benefiting from high foot and vehicle traffic. The property is priced at $1,750,000. Note: The business operating on the property is not included in the sale.

• CAP approach

  CAP return

  Valuation

  6%

  $23,225,102

  6.5%

  $21,438,556

  7%

  $19,907,230

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,618,667

  Geo Method

  $9,618,667

• Alternative Use

  Use

  Valuation

  Residential

  $26,583,808

  Hospitality

  $24,350,626

  Educational

  $20,259,434

  Medical

  $20,956,188

  Retail

  $31,514,676

Location Insight

City

Sewell

County

Gloucester

State

New Jersey

Latitude

39.7823

Longitude

-75.1027

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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