Prime Development Site for Market Rate Student Housing in Galloway Township NJ 2.4 Miles from Stockton University’s Main Campus

  • $850,000
Featured For Sale
446 Chris Gaupp Drive
  • Investment, Land
  • Property Type
Featured

Prime Development Site for Market Rate Student Housing in Galloway Township NJ 2.4 Miles from Stockton University’s Main Campus

446 Chris Gaupp Drive
  • $850,000

Overview

  • Investment, Land
  • Property Type
  • Address 446 Chris Gaupp Drive
  • City Galloway
  • State/county New Jersey
  • Zip/Postal Code 08205

Details

Updated on June 13, 2023 at 11:39 am
  • Price: $850,000
  • Property Type: Investment, Land
  • Property Status: For Sale
  • Block #: 761 & 765
  • Lot #: 4, 5, 9, 10, 11, 12 & 2, 3, 4
  • Lot Dimensions: IRR
  • Lot Size: 3.5 Acres Total
  • Zoning: PO
  • Total Assessment: $60,100
  • Assessed Land Value: $60,100
  • Tax: $1,890
  • Tax Year: 2021

Description

Prime Development Site for Market Rate Student Housing in Galloway Township NJ 2.4 Miles from Stockton University’s Main Campus

  • 1 mile from AtlantiCare Regional Medical Center Mainland Campus
  • 1.7 miles from both north and south entrances/exits for the Garden State Parkway
  • 0.3 miles from US Route 30 (White Horse Pike)

Current Township Administrative Approval offering numerous scenarios for the building footprint and site plan. The two dormitory buildings total 36,752 SF

The following scenarios are examples and range from 120 to 196 beds. 196 beds would increase bed capacity on or near campus by 7.3% and increase total bed capacity on or near campus from 30.2% to 32.5% of total student enrollment of 8,569 students:

1) 196 beds with common bathrooms. Combination of 2 and 3 beds per dorm room.
2) 134 private dorm rooms each with private bath and living and laundry area.
3) 34- 4-bedroom suites with a total of 2 bathrooms per suite. Includes common living area laundry area and common eating area with cabinets, counters, sink, refrigerator and microwave.
4) 30-4-bedroom suites with 4 private baths. Includes common living area, laundry area and common eating area with cabinets, counters, sink, refrigerator and microwave.

Call Lee Jerome for detailed Marketing Package which includes projected income, expenses and building costs.

All information is from sources deemed to be reliable; however, no warranty or representation is made as to the accuracy of the information provided herein by LEVIN Commercial Real Estate, LLC. (its principals, employees or agents). All information is submitted subject to errors, omissions or changes of availability and/or terms, which may be changed without liability upon discovery or notice. Many factors affect property value and the prospect agrees to take full responsibility for adequately investigating any potential conditions that may affect their ownership or usage of the property. All are advised and expected to retain competent advice for legal, financial, construction, architectural, engineering or appraisal matters, or any similar expertise, as LEVIN Commercial Real Estate, LLC. is a real estate brokerage firm and does not represent itself as a qualified professional in any other discipline.

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