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sales rep | Brivity IDX

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8 N Virginia Ave , Penns Grove, NJ 08069
$179,000
Est. Payment: $966.60/mo
0.4 Acres
Status: active | Days on site: 29
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AMRCNDRM - 3121961
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House Description

Announcing: New Jersey has nominated Census Tract 203 in Penns Grove as part of the Federal Opportunity Zone 2.0 program. The opportunity zone is federally designated areas created to encourage private investment in economically underserved communities through qualified opportunity funds. The seller offers for sale in Penns Grove this prime 0.4-acre lot presenting an exceptional investment opportunity, characterized by its cleared, level and open terrain, ensuring ease of development. With significant road frontage on RT 130 as well as rear access via N. Smith Avenue, the property offers excellent visibility and accessibility, making it ideal for various commercial or residential projects. Strategically located within 10 miles of the airport and less than a mile from a bus stop, this site benefits from robust transportation links, enhancing its appeal for future tenants or buyers. The proximity to a commuter rail station within 1 to 5 miles further increases its attractiveness for those seeking convenient transit options. The absence of association fees and amenities allows for greater flexibility in development and investment strategies. This lot's versatile features and advantageous location position it as a promising asset for investors looking to capitalize on the growing demand for real estate in the area. Explore the potential for substantial returns through strategic development or resale in this thriving market.

Highlights

Listed by Joseph E. Venello Jr. , 8562996444 American Dream Realty of South Jersey , 8562996444. Bright MLS

Property Type

Vacant Land

Lot/Acreage
0.4

County

Salem

Area

Penns Grove Boro (21708)

School District

Penns Grove-Carneys Point Schools

Listing ID

NJSA2020420

Questions about this listing?

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Interior Features

Water:Public

Exterior Features

Lot:Cleared,Level,Open,Road Frontage,Not New Construction,Horse Property: No
Zoning:commercial
Sewer:Public Sewer
Principal Interest
$967
Taxes
$113

Home Price

$179,000

Loan Details

30 yrs
7.144%

Down Payment

20%
$35,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$966.60

Principal

Taxes

Principal Taxes HOA Total
Monthly $966.60 $113.42 $0.00 $1,080.02
Yearly $11,599.22 $1,361.00 $0.00 $12,960.22
Total $347,976.74 $40,830.00 $0.00 $388,806.74
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Penns Grove, NJ).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-14T11:13:36.000Z

© 2026 Bright MLS