Executive building site in a Camden Opportunity Zone.

1300 Walnut St, Camden, NJ

$2,400,000

Price

105,000 sqft

Building Size

3.09 acres

Lot Area

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Street
Map
Overview
Building Size
105,000 sqft
Lot Area
3.09 acres
Class
A
Description

Next to Campbells Soup and Subaru Headquarters in Camden Owner will provide all approvals for this site. Specific uses are in the Opportunity Zone Outlined in the OLI (Office/Light Industrial Zone. Further located in the Gateway Redevelopment Area. Economic Opportunity Act of 2013. The site Is located within an area of eligibility for the various incentives afforded through the Economic Opportunity Act of 2013, which was signed into law in September of 2013. The Act merges New jersey's various economic development Incentive programs into 2 expanded programs: Grow NJ (Grow NewJersey Assistance Program) andERG(EconomicRedevelopmentandGrowthProgram). GrowNJistheState'smainjob creation incentive program, offering base tax credits ranging from $500 to $5000 per job, per year; and bonus credits ranging from $250 to $3000 per job, per year. ERG is the State's key developer incentive program, authorizing a bonus of up to 40% of total project costs in Camden
(a GSGZ). Owners to provide all approvals and clean environmental

Site is next door to Campbell's Soup HQ and is 3.09 Acres with the able to enlarge the land area to 3.6 acres for additional sq footage. This is an excellent site in a Gateway Redevelopment Area which is an Opportunity Zone with specific tax advantages for a new corporate user.

Currently an industrial Site The owners will get all approvals for your use. Acreage may be expanded to 3.6 acres for additional size. This is a tear down in a prime location.

Highlights
  • o Specific and far reaching Tax Incentives specific to each user.
  • o Tax Abatements and exemptions
  • o Grow NJ Assistance Program available with tax credits per Job
  • o wholesaling & storage of goods
  • o scientific/R&D laboratories
  • o professional offices/offices/office buildings/office complexes o pilot plant
  • o restaurants (sit down, carryout, drive-thru)
  • o commercial recreation facility
  • o lumber & building supply, sales & storage
  • o hotel/motel/extended family stay facility
  • o light Industrial
  • o special social services complex.
  • o municipal purpose
  • o See GSGZ Business Lease and Business Improvement Incentive plan for NJ
Location
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