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446 Chris Gaupp Dr - Prime Development Site for Student Housing 3.5 Acres of Residential Land Offered at $599,000 in Galloway Township, NJ 08205

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INVESTMENT HIGHLIGHTS

  • Prime Development Site for Market Rate Student Housing in Galloway Township NJ 2.4 Miles from Stockton University’s Main Campus
  • 196 beds would increase bed capacity on/near campus by 7.3% and increase total bed capacity on/near campus from 30.2% to 32.5% of total 8,569 students
  • 1.7 miles from both north and south entrances/exits for the Garden State Parkway
  • Current Township Administrative Approval offering numerous scenarios for the building footprint & site plan. The 2 dormitory buildings total 36,752 SF
  • 1 mile from AtlantiCare Regional Medical Center Mainland Campus
  • 0.3 miles from US Route 30 (White Horse Pike)

EXECUTIVE SUMMARY

This strategically located development opportunity lies within minutes of key regional anchors: 2.4 miles to Stockton University, 1 mile to AtlantiCare Regional Medical Center, and 1.7 miles to the Garden State Parkway. Prior approvals include a 15,922 SF building and a 17,744 SF building. The property also benefits from existing Township Administrative Approval for dormitory occupancy.
The site can accommodate various market-rate student housing configurations, with program options ranging from 120 to 196 beds, including:
• High-density dormitory layouts with shared bath arrangements (up to 196 rooms)
• Private-room dorm configurations with private baths and living amenities (134 rooms)
• Four-bedroom suite concepts with 2 bathrooms or 4 private bathrooms
• Suites featuring shared living, laundry, and full common kitchen spaces
These scenarios offer flexibility for a developer to tailor the project to market demand, institutional needs, or investment objectives.

PROPERTY FACTS

Price $599,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use Apartment Units - Dorms
Total Lot Size 3.50 AC
Zoning PO

1 LOT AVAILABLE

Lot Multiple

Price $599,000
Price Per AC $171,142.86
Lot Size 3.50 AC

Block 761 / Lots 4, 5, 9, 10, 11, 12 Block 765 / Lots 2, 3, 4

DESCRIPTION

Prime Development Site for Market Rate Student Housing in Galloway Township NJ 2.4 Miles from Stockton University’s Main Campus 1 mile from AtlantiCare Regional Medical Center Mainland Campus 1.7 miles from both north and south entrances/exits for the Garden State Parkway 0.3 miles from US Route 30 (White Horse Pike). Current Township Administrative Approval offering numerous scenarios for the building footprint and site plan. The following scenarios are examples and range from 120 to 196 beds. 196 beds would increase bed capacity on or near campus by 7.3% and increase total bed capacity on or near campus from 30.2% to 32.5% of total student enrollment of 8,569 students: 1) 196 beds with common bathrooms. Combination of 2 and 3 beds per dorm room. 2) 134 private dorm rooms each with private bath and living and laundry area. 3) 34- 4-bedroom suites with a total of 2 bathrooms per suite. Includes common living area laundry area and common eating area with cabinets, counters, sink, refrigerator and microwave. 4) 30-4-bedroom suites with 4 private baths. Includes common living area, laundry area and common eating area with cabinets, counters, sink, refrigerator and microwave. Call for detailed Marketing Package which includes projected income, expenses and building costs.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
11-00761-0000-00004
Land Assessment
$24,700
Improvements Assessment
$0
Total Assessment
$24,700
  • Listing ID: 24698738

  • Date on Market: 12/20/2021

  • Last Updated:

  • Address: 446 Chris Gaupp Dr, Galloway Township, NJ 08205

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