Executive building site in a Camden Opportunity Zone.

1300 Walnut St Camden , NJ 08013

FOR SALE FOR LEASE
Property Type:
Other Special Purpose
FOR SALE
Last Verified:
Mar 20, 2020

Highlights


Description

Next to Campbells Soup and Subaru Headquarters in Camden Owner will provide all approvals for this site. Specific uses are in the Opportunity Zone Outlined in the OLI (Office/Light Industrial Zone. Further located in the Gateway Redevelopment Area. Economic Opportunity Act of 2013. The site Is located within an area of eligibility for the various incentives afforded through the Economic Opportunity Act of 2013, which was signed into law in September of 2013. The Act merges New jersey's various economic development Incentive programs into 2 expanded programs: Grow NJ (Grow NewJersey Assistance Program) andERG(EconomicRedevelopmentandGrowthProgram). GrowNJistheState'smainjob creation incentive program, offering base tax credits ranging from $500 to $5000 per job, per year; and bonus credits ranging from $250 to $3000 per job, per year. ERG is the State's key developer incentive program, authorizing a bonus of up to 40% of total project costs in Camden
(a GSGZ). Owners to provide all approvals and clean environmental

This is For Sale or the Owners have also requested a long term land lease. The tenant would build their own building and gain the tax and cash flow benefits of a land lease. Owner will provide approvals and clean environmental

Site is next door to Campbell's Soup HQ and is 3.09 Acres with the able to enlarge the land area to 3.6 acres for additional sq footage. This is an excellent site in a Gateway Redevelopment Area which is an Opportunity Zone with specific tax advantages for a new corporate user.

Building Size: 100000.0sq ft
Building Class: A
Lot Size: 3.09 acres

Units for Lease

1300 Walnut St, Camden NJ
Space Available: 100000 SF
Lease Type: NNN

Map of 1300 Walnut St, Camden , NJ, 08013

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.