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Property Detail

Fire Road
Fully vacant two-building warehouse complex with owner/user optionality or upside .
$275,000

Description

  • Fully vacant two-building warehouse complex with owner/user optionality or upside in placing new tenants at market rates.
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  • Near it all on Fire Road, a highly trafficked thoroughfare in Egg Harbor Township that sees over 12,700 vehicles per day.
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  • Broad zoning allows for many future uses, including retail, offices, light industrial, nursing facilities, and self-storage.
  • Strategically positioned near the overlap of Route 40 and Garden State Parkway just minutes to the Atlantic City International Airport.
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  • Property comes equipped with a 7,450-square-foot warehouse with a 22-foot clear height and two drive-in doors, perfect for many users.
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  • Egg Harbor Township’s population is growing within a 10-mile radius with over 135,000 employees in the workforce.

Executive Summary

2907 Fire Road presents a lucrative owner/user opportunity in Egg Harbor Township, New Jersey. The property is split into two buildings and will be delivered fully vacant. Equipped with many desirable industrial features, this asset can meet many business needs. The warehouse has a 22-foot clear height and two drive-in doors with a 14-foot clearance. The assets are perched on 2.47 acres with 46 parking spaces perfect for large vehicle parking and storage. Additionally, the broad zoning allows for many potential uses based on the new ownership’s vision and business needs. Route 206 Center District (RCD Zone) in New Jersey allows for retail sales and services, such as grocery stores, drug stores, and restaurants. It also allows for general businesses and professional offices. Nursing homes, assisted living facilities, and other medical facilities are also permitted here. Light industrial use and self-storage are also allowed. Because of the broad zoning and industrial features put into place, this property is desirable for many future businesses.

Egg Harbor is considered a part of the Atlantic City/Hammonton industrial submarket, which bodes well, as this is a strong submarket in New Jersey. The Atlantic City/Hammonton industrial submarket has a vacancy rate of 3.7% as of the fourth quarter of 2024. This time last year, the submarket had a vacancy rate of 4.2%. The year-over-year change in the Atlantic City/Hammonton vacancy rate was a result of 6,500 square feet of net delivered space and 100,000 square feet of net absorption over the past year. The Atlantic City/Hammonton industrial submarket contains roughly 9.6 million square feet of inventory. The submarket has approximately 5.7 million square feet of logistics inventory, 1.4 million square feet of flex inventory and 2.5 million square feet of specialized inventory. Rents have changed by 3.2% year over year in Atlantic City/Hammonton, compared to a change of 3.2% market-wide.

2907 Fire Road is highly accessible, making travel to and from a breeze. The asset is near the convergence of Black Horse Pike and Garden State Parkway. Black Horse Pike is home to a plethora of retailers, including Chick-fil-A, Petco, Sam’s Club, Dollar Tree, Burger King, and others. Just west of Atlantic City, the property is minutes from the Atlantic City International Airport.

Property tours are available by appointment only. Please contact the listing broker to schedule.

Two-Building Warehouse Complex

Listing ID : 00600

SKU: 600

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Price History

DateEventPrice
December 4 2024Listed$275,000.00