Penns Grove, New Jersey

🏭 15,000 SF Indoor Storage Facility | Zoned COS | Cannabis Redevelopment Potential | Includes Adjacent Single-Family Home | $1.2M

📊 Investment Highlights

• Asking Price: $1,200,000

• Property Type: Industrial / Mixed Use / Self Storage

• Sub Type: Warehouse, Office

• Square Footage: ±15,000 SF

• Price per SF: $80

• Occupancy: 60%

• Tenancy: Multi

• Year Built: 1970

• Lot Size: ±0.562 Acres (Two Combined Parcels)

• Zoning: COS – Commercial / Office / Service

• Roof: New GenFlex EPDM Flat Roof (2020)

• Ownership: Private (NJ Licensed Realtor-Owners)

🧾 Executive Summary

Unique redevelopment or adaptive reuse opportunity — this 15,000 SF indoor storage facility is located in a Commercial / Office / Service (COS) zoning district, offering broad potential for cannabis conversion, light industrial use, or continued operation as a self-storage business.

The property comprises two parcels, including a steel-frame warehouse and an adjacent single-family residence (in need of rehab), creating a combined footprint of approximately 0.77 acres on a corner lot. The site’s flexible zoning and strategic location make it well-suited for operators seeking a Cannabis Facility (with appropriate licensing) or hybrid industrial-commercial use.

Recent upgrades include a tear-off and new GenFlex EPDM flat roof with drainage installed in 2020, ensuring structural integrity and lower near-term maintenance costs. The storage facility currently operates at approximately 60% occupancy across 77–100 indoor units, presenting a value-add opportunity for investors to optimize NOI through lease-up, expansion, or conversion to higher-yield use.

Financial statements and operational data are available to qualified buyers upon request and execution of an NDA.

🏢 Property Overview

• Total Building Size: ±15,000 SF

• Configuration: Steel Construction | Indoor Self-Storage Layout

• Lot Size: ±0.77 Acres (Two Combined Parcels)

• Included Assets:

  • Main Storage Building

  • Adjacent Single-Family Home (Rehab or Redevelopment Opportunity)

• Occupancy: 60% (77–100 rentable units)

• Roof System: New EPDM (2020)

• Zoning: COS – Commercial / Office / Service

• Potential Uses:

  • Cannabis Cultivation or Processing Facility (with licensing)

  • Light Manufacturing or Industrial Flex Space

  • Continued or Expanded Self-Storage

  • Office / Warehouse Combination

  • Redevelopment into Mixed-Use or Specialty Retail

📍 Location Highlights

Located in New Jersey’s dynamic commercial corridor, this asset benefits from high visibility, strong demographics, and zoning flexibility. The COS designation allows for industrial, office, and service-oriented uses, aligning well with the region’s shift toward mixed commercial and cannabis-compatible development.

Its position on a corner lot provides dual ingress/egress and excellent accessibility for logistics, customer access, and potential reconfiguration. The surrounding market features a blend of industrial, retail, and residential properties, supporting strong long-term land value and versatility for future repositioning.

💡 Summary of Opportunity

• ✅ 15,000 SF Indoor Storage Facility with Expansion/Redevelopment Potential

• 🌿 Zoned COS – Cannabis-Compatible with Proper Licensing

• 🏗️ Includes Adjacent Single-Family Home | Combined 0.77 Acres on Corner Lot

• 🧱 Steel Construction | New EPDM Roof Installed in 2020

• 💰 Value-Add Opportunity | Current 60% Occupancy | Financials Available to Qualified Buyers

• 📍 Flexible Zoning Supports Industrial, Office, or Cannabis Use

• 🏢 Ideal for Investors, Redevelopers, or Cannabis Operators Seeking Conversion Asset

Offered Exclusively by Licensed Agents / Brokers

Listing #8031