The median home value in Penns Grove, NJ is $119,000.
the county median home value of $126,250.
The national median home value is $209,892.
The average price of homes sold in Penns Grove, NJ is $119,000.
Approximately 34% of Penns Grove homes are owned,
compared to 54% rented, while
12% are vacant.
Penns Grove real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Penns Grove real estate agent to arrange a tour
today! Learn more about Penns Grove Real Estate.
Welcome to the New Jersey Opportunity Zones! The Opportunity Zones program was enacted as part of the 2017 federal Tax Cuts and Jobs Act and is designed to drive long-term capital investments into low-income rural and urban communities. This federal program provides opportunities for private investors to support investments in distressed communities through participation in Qualified Opportunity Funds. Investors can defer paying federal taxes on capital gains reinvested in Qualified Opportunity Funds that invest in low-income communities, under rules released by the U.S. Department of the Treasury. Reinvested capital gains are deferred from taxation until exit from a Qualified Opportunity Fund or December 31, 2026, whichever comes first. However the original gains reinvested in Qualified Opportunity Fund investments held for the long term are taxed at reduced rates, with taxable gains discounted by 10% at the 5-year mark and by an additional 5% discount at the 7-year mark. Any new gains from Qualified Opportunity Fund investments held for at least 10 years will be permanently excluded from the capital gains tax. Combined with incentives from the State, this program makes doing business in Carneys Point Township the township to choose!
Check out this exclusive commercial/industrial development opportunity with 3-road frontage, including almost 2,000 feet along US Route 40. This site consists of 15+/- acres of raw land zoned General Commercial. Situated at the point of US Route 40 and Route 48, this property is located in a high traffic area with tremendous exposure and great visibility. This strategic location serves as a transportation hub that links 3 states and supports the business corridor from New York to Delaware. Located at Exit 1 on the east side of the NJ Turnpike, this site is a stone's throw from the Delaware Memorial Bridge and Wilmington. Easy access to both the NJ Turnpike and Route I-295, which connects to Philadelphia, Trenton, New York, etc. Perfect for distribution/shipping center, warehouse, vehicle/boat storage, personal/self-storage, retail stores, restaurants and taverns, professional or business offices, agencies or studios, general service, supply and contractor shops, commercial shopping centers, medical or dental clinics or labs, essential services and indoor commercial recreation, etc.
Want a business on Route 130 in Carney's Point? Or even build a house with plenty of space to spare! Building lot ready for a business or residence! 151 x 239 and NOT located in a flood hazard zone. Approx 0.83 acres, rectangular shaped lot. Partially cleared and no wetlands noted. Lot is enclosed with a metal fence. Zoned Light Commerical--ideal location for municipal buildings, schools, churches, professional or business office, average size retail store, banks, repair shops, restaurant or tavern, medical or dental office, funeral home, or a store for selling electronics, furniture, antiques, or sporting goods. Gas station or garage, laundry or dry cleaning establishment. Established area with stores and restaurants close by. Road is a medium traffic zone. Carney's Point is centrally located to several cities. Wilmington, Delaware is 15 mins away, Philadelphia is 40 mins away, less than 2 hours to Jersey shore points, and 1.5 hours to Baltimore, Maryland. The lot is also close to major travel arteries of 295, NJ Turnpike, Delaware Memorial Bridge, and Commodore Barry Bridge.
LAND FOR SALE! You've heard of location, location, location . . . this parcel has it all! A lovely 1.49 acre lot on Harding Highway is conveniently located to area shopping and schools. If you desire to build your home outside of a noisy development, check us out. All building/land use must be approved in accordance with local ordinances. We are priced to sell!!
Two beautiful lots being sold together, located in the Cedar Crest neighborhood. The front lot is clear and the back lot is wooded. Close to 295, NJ Tpke and the Delaware Memorial Bridge. Don't miss this opportunity to build your new home in this great location.
Level lot situated on a quiet residential street, just waiting for your new home! The lot has a water line run and all other utilities are available on the street. There is a little bit of debris left on the property that the sellers will remove. Take a look today and get started building your dream home!