517 S PENNSVILLE AUBURN ROAD Carneys Point, NJ $ 1,700,000
517 S PENNSVILLE AUBURN ROAD
$ 1,700,000
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517 S PENNSVILLE AUBURN ROAD

Carneys Point, NJ, 08069
$ 1,700,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 7,399

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Commercial Property for sale in Carneys Point, NJ

for $1,700,000. The lot size is 11.80 Acre(s).

Welcome to the New Jersey Opportunity Zones! This vacant land sits at the base of the NJ Turnpike and easily accessed via I-295. Property is clear and ready to be developed. Public Water/Sewer and natural gas are available. The Opportunity Zones program was enacted as part of the 2017 federal Tax Cuts and Jobs Act and is designed to drive long-term capital investments into low-income rural and urban communities. This federal program provides opportunities for private investors to support investments in distressed communities through participation in Qualified Opportunity Funds. Investors can defer paying federal taxes on capital gains reinvested in Qualified Opportunity Funds that invest in low-income communities, under rules released by the U.S. Department of the Treasury. Reinvested capital gains are deferred from taxation until exit from a Qualified Opportunity Fund or December 31, 2026, whichever comes first. However the original gains reinvested in Qualified Opportunity Fund investments held for the long term are taxed at reduced rates, with taxable gains discounted by 10% at the 5-year mark and by an additional 5% discount at the 7-year mark. Any new gains from Qualified Opportunity Fund investments held for at least 10 years will be permanently excluded from the capital gains tax. Combined with incentives from the State, this program makes doing business in Carneys Point Township the township to choose!

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Commercial Pending

Price

$ 1,700,000

Property Type

Commercial

Taxes

$ 39,495

Style

Retail

Lot Size

11.80 Acre(s)

Town/City

Carneys Point

County/Region

Salem

MLS | Web ID

NJSA129902

Features
Interior
Sewer Public Sewer
Water Source Public Water
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Exterior
Parking 1-20 Assigned Parking Spaces
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* Excluded Features
List By
Keller Williams Hometown Realty

Broker

Affordability Calculator

$10,690
Per Month
69%
31%
0%
Monthly Principal & Interest
$7,399
Monthly Property Taxes
$3,291
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
PENNS GROVE-CARNEYS POINT SCHOOLS School District
Pricing History
DatePricePrice ChangeDescription
10/16/2020$1,700,000 -10.53% Price Down
11/8/2019$1,900,000 -5.00% Price Down
8/27/2019$2,000,000 -20.00% Price Down
3/27/2019$2,500,000 Listed Price

Map


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517 S PENNSVILLE AUBURN ROAD, Carneys Point, NJ, 08069 is a Commercial Property for sale at $1,700,000 with a lot size of 11.80 Acre(s). 517 S PENNSVILLE AUBURN ROAD has 0.0 baths. The property's zip code is 08069 which is in Carneys Point, NJ