102 Parkway DrEgg Harbor Township, NJ 08234

Property Details for 102 Parkway Dr

Lot size

3.14 AC

Zone code

GC

Property type

Warehouses

APN

08 00404-0000-00012

APU

800404000000012

Description

This exceptional 34,000-square-foot warehouse building presents a compelling investment opportunity in the thriving Egg Harbor Township, NJ industrial park. Located at 102 E Parkway Dr, 08234, this single-story Class C warehouse sits on a generous 3.14-acre lot and offers immediate occupancy. The property boasts two loading docks, four drive-in doors, and impressive 20' to 25' clear ceiling heights with column spacing of 25 feet wide and 40 feet deep, providing ample space for various industrial uses. The building includes 3,500 square feet of well-maintained office space, featuring a lobby, reception area, multiple offices (including two windowed offices), a conference room, IT room, kitchen, and full men's and women's restrooms. The roof was recently replaced within the last five years. Parking is readily available with 25 spaces on-site, plus potential for additional outside storage or truck parking. This standalone warehouse benefits from its strategic location, offering easy access to major transportation arteries such as the Garden State Parkway (Exit 37) and the Atlantic City Expressway (Exit 7). The property is situated within a well-established industrial park, home to notable companies including FedEx, Canada Dry, and others, ensuring a strong and stable business environment. This presents an ideal opportunity for a corporate headquarters, satellite location, or other industrial operations seeking a prime location with limited competing availabilities. The asking price is $3,910,000, and the lease type is NNN.

• CAP approach

  CAP return

  Valuation

  6%

  $97,751,200

  6.5%

  $90,231,900

  7%

  $83,786,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $28,594,300

  Geo Method

  $28,594,300

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $46,372,600

  Mixed-Use / Specialty

  $46,287,700

  Hospitality / Lodging

  $34,064,600

  Office

  $46,096,500

  Institutional / Educational

  $48,149,300

  Residential Income

  $56,334,700

  Multifamily

  $67,118,700

  Automotive / Energy

  $41,270,900

  Parking / Income-Based Land

  $14,162,600

  Restaurant / Food Service

  $24,246,300

  Healthcare / Senior Housing

  $47,384,700

Location Insight

City

Egg Harbor Township

County

Atlantic

State

New Jersey

Latitude

39.4185

Longitude

-74.5613

CBSA code

12100

CBSA name

ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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