63 E MAIN STREET, PENNS GROVE, NJ 08069
SALEM County
Key Facts
Description
1,976± square foot retail building available for sale in Penns Grove, New Jersey. Dedicated off-street parking, this property offers an excellent opportunity for owner-users, investors, or businesses seeking a strategic South Jersey location. The building features a newer roof and an adaptable floor plan suitable for a variety of retail, restaurant, or professional uses. A walk-in cooler will remain with the property, providing added value for businesses that can benefit from refrigerated storage. All other inventory; fixtures, furniture, and equipment are excluded from the sale. Located in a residential neighborhood with pedestrian traffic, local businesses, and community services, the property benefits from convenient access and neighborhood traffic. Its location offers easy connectivity to major regional routes, serving customers from Salem County and surrounding markets. The owner will also consider leasing the property at $1,900 per month plus NNN expenses. Deed Restrictions: Seller intends to impose deed restrictions prohibiting the operation of a convenience store and any business whose primary use includes the sale of lottery tickets, tobacco products, cigars, vape products, or similar items. All restrictions are subject to attorney review and final deed language. This is a unique opportunity to acquire a versatile commercial property with parking, strong local accessibility, and multiple occupancy options in an established community setting. AC unit is currently not functional. Property sold in as is condition.
Property Information
Property Type
Commercial Sale
Sub-Type
Retail
Year Built
1950
Living Area
1,976 sq ft
Lot Size
0.14 acres
Lot Dimensions
50.00 x 125.00
Parking Spaces
8
Zoning
COM
Days on Market
1
MLS® Listing#
NJSA2019160
Property Features
Appliances
Cooling
Heating
Parking
Sewer
Water Source
Schools
- District:
- PENNS GROVE-CARNEYS POINT SCHOOLS
Financial Details
Annual Taxes
$5,185
Tax year 2025
Assessed Value
$91,800
Parcel Number
08-00043-00024
Directions
From Rt 295, take Exit 4 towards Penns Grove on Rt 48 (Harding Highway). travel about 1.5 miles and property is on the right. It is just past Justice St.
Affordability Calculator
$47,800
Estimated monthly payment
$1,272/mo
Principal $191,200 · Est. interest $266,741 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in PENNS GROVE, NJ
- $580,000
- Median Listing Price
- 32
- Median Days on Market
- 1,578
- Median Sq Ft
- $204
- Median Price / Sq Ft
- 65
- Active Listings
- This home’s price is 59% below the area median.
- Its price per sq ft is 41% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in PENNS GROVE, NJ.
Location
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Points of Interest in PENNS GROVE, NJ
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 78 W Harmony, Penns Grove Borough, NJ | $169,000 | 3 | — | — |
| 78 W HARMONY STREET, PENNS GROVE, NJ | $169,000 | 3 | 2 | 1,524 |
| 238 E ST, PENNS GROVE, NJ | $170,000 | 3 | 1 | — |
| 39 FRANKLIN STREET, PENNS GROVE, NJ | $175,000 | 3 | 1 | 1,498 |
| 136 DENNY AVENUE, PENNS GROVE, NJ | $190,000 | 4 | 2 | 1,783 |
| 72 WILLIS ST, PENNS GROVE, NJ | $195,000 | 2 | 2 | 1,300 |
Moving Cost Estimate
EXIT Agents in PENNS GROVE
Listing Courtesy: American Dream Realty of South Jersey - 8562996444