517 S PENNSVILLE AUBURN Road

517 S PENNSVILLE AUBURN Road
Carneys Point, New Jersey 08069 United States

$1,900,000
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Keller Williams Hometown Realty

Listing Courtesy of Keller Williams Hometown Realty
$1,900,000
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11.8 Acres
Exterior
Land
Property Type
NJSA129908
Web Id
NJSA129908
Unique Reference Number
Carneys Point
Subdivision
Penns Grove-Carneys Point Regional
School District

About 517 S PENNSVILLE AUBURN Road

Welcome to the New Jersey Opportunity Zones! This vacant land sits at the base of the NJ Turnpike and easily accessed via I-295. Property is clear and ready to be developed. Public Water/Sewer and natural gas are available.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!

Listing Area: Carneys Point Twp

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PROPERTY INFORMATION

Sewer
Public Sewer
Listing Courtesy of Keller Williams Hometown Realty
Disclaimer: GreatSchools.org displays the public school in closest geographic proximity to each listing, which may or may not be the actual school that the residents of a particular property are assigned to attend. Please independently verify the correct district/ schools and click on the school icons on the map to view the appropriate data, ratings, and reviews from GreatSchools.org.
517 S PENNSVILLE AUBURN Road, Carneys Point, New Jersey 08069 United States is a Land. This Land has bedrooms, FullBaths, Partial Baths, and is available for $1,900,000.