1062 Mantua PikeWenonah, NJ 08090

Property Details for 1062 Mantua Pike

Construction

CONCRETE BLOCKS

Lot size

0.71 AC

Property type

Commercial real estate

APN

02 00423-0000-00013

APU

200423000000013

Description

This exceptional 3,500 square foot freestanding building presents a remarkable opportunity for a discerning business owner. Located at 1062 Mantua Pike in Wenonah, New Jersey (Gloucester County, zip code 08090), this single-tenant property boasts excellent visibility and accessibility along a primary commercial corridor. The building sits on a 0.71-acre lot and offers 159 feet of frontage on Mantua Pike (Route 45), a road with traffic counts exceeding 22,000 vehicles daily. Its strategic location offers significant advantages, including proximity to a Shop Rite Supermarket anchored shopping center across Route 45. The property's high traffic volume and densely populated trade area make it ideal for a variety of uses, including quick-service restaurants (QSR), fast-casual restaurants, retail establishments, or medical offices. The entire 3,500 square feet is currently vacant, providing a blank canvas for a new business to thrive. Drive-thru potential further enhances the property's appeal and versatility. This is a rare opportunity to secure a prime commercial location in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $9,188,370

  6.5%

  $8,481,570

  7%

  $7,875,740

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,051,240

  Geo Method

  $4,051,240

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $15,713,800

  Retail / Commercial

  $8,250,670

  Mixed-Use / Specialty

  $8,373,130

  Hospitality / Lodging

  $6,340,830

  Office

  $8,481,570

  Institutional / Educational

  $8,758,960

  Residential Income

  $10,248,000

  Multifamily

  $11,448,900

  Automotive / Energy

  $7,507,680

  Parking / Income-Based Land

  $2,440,760

  Restaurant / Food Service

  $4,679,050

  Healthcare / Senior Housing

  $8,430,740

Location Insight

City

Wenonah

County

Gloucester

State

New Jersey

Latitude

39.806

Longitude

-75.1671

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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