Prime Location in the heart of Camden City, Gateway Redevelopment Zone

1321 Walnut St Camden, NJ 08103

Camden
FOR SALE
Property Type:
Factory
Amount:
$880,000
Last Verified:
Feb 23, 2022

Highlights

  • o Tax Abatements and exemptions o Grow NJ Assistance Program available with tax credits per Job.
  • o wholesaling & storage of goods o scientific/R&D laboratories
  • o professional offices/offices/office buildings/office complexes
  • o pilot plant
  • o commercial recreation facility
  • o lumber & building supply, sales & storage

Description

Industrial Building in operational condition with the majority having 15 ft ceilings. There are three structures on the 1.5 Acre property, a Main Building with loading docks, a garage and an additional 5000 sq ft building with deferred maintenance. This is in the Office/Light Industrial Zone and in the Gateway Redevelopment Zone. o Specific and far reaching Tax Incentives specific to each user. The front yard allows for the turn around of a tractor and trailer. This is perfectly situated to continue as an industrial site.

Corner property 1.5 acres across the street from Campbells Soup HQ

Building Size: 30000sq ft
Lot Size: 1.5 acres

Map of 1321 Walnut St, Camden, NJ, 08103

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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.