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48 E Harmony St 15,000 SF Specialty Building Offered at $805,000 in Penns Grove, NJ 08069
Investment Highlights
- Corner lot configuration with strong visibility and access.
- Existing 77-unit storage facility with expansion potential to 100 units.
- Recent roof upgrade with Gen Flex EPDM system installed in 2020.
- COS zoning supports diverse commercial uses, including cannabis.
- Includes adjacent single-family home for rehab or redevelopment.
Executive Summary
48 E Harmony St offers a unique investment opportunity with a versatile operating indoor storage facility and additional development potential. This property spans approximately 15,000 square feet on a combined .7739-acre corner lot, featuring a 77-unit indoor storage facility that can be expanded to 100 units through partitioning. Located in a COS (Commercial/Office/Service) Zone, the site opens doors for multiple uses, including cannabis operations with proper licensing.
The asset includes two lots: a large steel storage building and an adjacent single-family home in need of rehab, adding value for redevelopment or ancillary income. Recent capital improvements include a tear-off and installation of a new Gen Flex EPDM flat roof with drains in 2020, ensuring long-term durability. Positioned in a strategic location, this property offers excellent visibility and accessibility for commercial users.
The asset includes two lots: a large steel storage building and an adjacent single-family home in need of rehab, adding value for redevelopment or ancillary income. Recent capital improvements include a tear-off and installation of a new Gen Flex EPDM flat roof with drains in 2020, ensuring long-term durability. Positioned in a strategic location, this property offers excellent visibility and accessibility for commercial users.
Property Facts
| Price | $805,000 | Building Class | C |
| Price Per SF | $53.67 | Lot Size | 0.56 AC |
| Sale Type | Investment or Owner User | Building Size | 15,000 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Self-Storage | Year Built | 1970 |
| Zoning | COS - Commercial/Office/Service zoning allows for a variety of commercial uses, office spaves, stores, and service businesses | ||
| Price | $805,000 |
| Price Per SF | $53.67 |
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 0.56 AC |
| Building Size | 15,000 SF |
| No. Stories | 1 |
| Year Built | 1970 |
| Zoning | COS - Commercial/Office/Service zoning allows for a variety of commercial uses, office spaves, stores, and service businesses |
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Property Taxes
| Parcel Number | 08-00043-0000-00011 | Improvements Assessment | $169,000 |
| Land Assessment | $29,100 | Total Assessment | $198,100 |
Property Taxes
Parcel Number
08-00043-0000-00011
Land Assessment
$29,100
Improvements Assessment
$169,000
Total Assessment
$198,100
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