Check Availability
Penns Grove 08069
32 WALNUT STREET
$40,000
↑ $10K (33.3%)
● Land - For Sale

32 WALNUT STREET

PENNS GROVE, NJ 08069
bedrooms
Studio
bathrooms
0 Bath
$232
Est. Monthly
77.42%
Cap Rate

About This Property

Located in the Borough of Penns Grove where taxes are relatively low!  For the investor looking to build or the owner occupant wanting to construct their own dream house.  An area starving for investment and development; Public water and sewer available.  The area supports most any venture with access to all utilities.
Located just off US Route 130 (Virginia Avenue), this property is situated in close proximity to all major cities, highways and those shopping and event locations.   Take advantage of low taxes and a thirst for investment by choosing Penns Grove and build upon the opportunities available here.

Offering a building lot on Walnut Street , just off S. Broad Street,  Public water and sewer available.  A great opportunity for the investor looking to create a portfolio in Penns Grove with low taxes and great municipal services, or the home builder looking for residential space.  Take a look and consider the investment.

This property can also be purchased as part of a package deal.
See attached documents for list of package of properties, their mls numbers and price.
Unit Size
-
Days on Market
622 days
Land Size
0.12 acres
Price per sqft
-
Property Type
Land
Property Taxes
$36
HOA Dues
-
Year Built
-

Listed By

JOSEPH BURKE JR.
EMPOWER REAL ESTATE LLC
Deborah Giorgianni
American Dream Realty of South Jersey

Payment Calculator

Cap Rate Calculator

Last updated: 2 years ago (Bright MLS #NJSA2013692)

Price History

Date / Event Date Event Price
Jul 26, 2025 Price Increased $40,000
↑ $10K (33.3%)
Price Increased
Jan 31, 2025 Listed $30,000
Listed
Located in the Borough of Penns Grove where taxes are relatively low! For the investor looking to build or the owner occupant wanting to construct their own dream house. An area starving for investment and development; Public water and sewer available. The area supports most any venture with access to all utilities. Located just off US Route 130 (Virginia Avenue), this property is situated in close proximity to all major cities, highways and those shopping and event locations. Take advantage of low taxes and a thirst for investment by choosing Penns Grove and build upon the opportunities available here. Offering a building lot on Walnut Street , just off S. Broad Street, Public water and sewer available. A great opportunity for the investor looking to create a portfolio in Penns Grove with low taxes and great municipal services, or the home builder looking for residential space. Take a look and consider the investment. This property can also be purchased as part of a package deal. See attached documents for list of package of properties, their mls numbers and price.

Property Highlights

Exterior Details
Lot Size Area: 5314
Lot Size Units: Square Feet
Lot Size Acres: 0.12
Lot Size Square Feet: 5314
Lot Size Dimensions: 42.50 x 125.00
Tax Lot: 00010
Water Source: Public Hook-up Available
Financial Details
Tax Assessed Value: $7,700
Tax Annual Amount: $427
Utilities Details
Sewer : Public Hook/Up Avail

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,314
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 425
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000000122
  • Standard Land Use Code: 8000
  • County Land Use Code: 1
  • Legal Description 1: FACILITY NAME: TAX LIEN FORECLOSURE

Neighborhood

  • School District Name: Penns Grove-Carneys Point Regional School District
  • Census Tract: 020300

Geography

  • Assessors Map Reference: TAX MAP 23
  • District: 08
  • Parcel: 08 00070-0000-00010
  • Block: 70
  • Lot: 10
  • Municipality: PENNS GROVE BORO
  • Latitude: 39.726
  • Longitude: -75.4687

    Address

  • Full Address: 32 Walnut St
  • Address - House Number: 32
  • Address - Street Name: Walnut
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Penns Grove
  • Carrier Code: C004
  • 4-Digit Zip Code: 1722
  • Zip Code: 08069

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $39,786

    Market Valuation

  • Market Total Value: $7,700
  • Market Land Value: $7,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $7,700
  • Assessed Land Value: $7,700

    Sales

  • Current Sale Contract Date: Jul 17, 2023
  • Current Sale Recording Date: Jul 18, 2023
  • Current Sale Price:
  • Current Sale Document Type: 55
  • Current Sale Input Document Number: 6230
  • Previous Sale Recording Date: Jul 21, 2020
  • Previous Sale Contract Date: Apr 20, 2020
  • Previous Sale Amount: $1,625
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Penns Grove


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals



Frequently Asked Questions

When was property at 32 Walnut Street built and last sold?
The property at 32 Walnut Street was built in and last sold on Jul 17, 2023 for $1,650.
How much is this home worth?
The estimated value of the home located at 32 Walnut Street is $40,400.
What are some comparable homes to 32 Walnut Street?
There are currently no comparable homes to 32 Walnut Street.