369 Delsea DrFranklin, NJ 08328

  • Other commercial real estate
  • 0.51 AC
For Lease

Property Details for 369 Delsea Dr

Year built
1925
Construction
FRAME
Lot size
0.51 AC
Zone code
MV
Property type
Other commercial real estate
APN
05 04735-0000-00003
APU
504735000000003

Description

This exceptional 0.59-acre commercial land parcel, situated at 369 Delsea Drive in Franklin, New Jersey (zip code 08328), presents a compelling investment opportunity. The property is zoned for commercial use, offering significant potential for a variety of developments. Its location within the bustling Malaga corridor ensures high visibility and substantial foot and vehicle traffic, maximizing exposure for any business. The surrounding area boasts a thriving commercial environment, featuring a diverse mix of retail establishments, restaurants, and service businesses. This strategic location provides easy access to major highways, simplifying logistics and transportation. The property's proximity to local amenities, including banks, restaurants, and shopping centers, further enhances its appeal. This single-tenant land parcel is ready for development, offering a blank canvas for a new commercial venture to thrive in a high-traffic, well-established commercial area. The property's size and zoning make it suitable for a range of commercial uses, from retail spaces to professional offices. This is a rare opportunity to acquire a prime commercial lot in a dynamic and growing area of New Jersey.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $7,344,018
    Hospitality
    $6,727,082
    Educational
    $5,596,852
    Medical
    $5,789,337
    Retail
    $8,706,215
369 Delsea Dr, Franklin, New Jersey

Location Insight

City
Malaga
County
Gloucester
State
New Jersey
Latitude
39.571
Longitude
-75.0552
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$3,714
$40,200
$61,700
$101,900
-
$40,200
$61,700
$101,900

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