A 2.7-acre property in Kenvil has been sold, with plans to convert the residential building on site into office and industrial uses, according to real estate firm NAI James E. Hanson.
NAI Hanson said in a news release that 82 North Dell Avenue LLC bought the property from F&P Investments on behalf of an undisclosed full-service production and construction management company.
NAI Hanson’s John Schilp represented both the buyer and seller in the exclusive transaction.
The property at 82 N. Dell Ave. has flexible industrial zoning, including an accommodation for outdoor storage of equipment and materials, and current buildings include a residential home geared toward office usage and two garages. The buyer intends to relocate from Dover, using the home as offices and the garages and land for equipment storage.
“When marketing such a unique property, it is critical for the marketing strategy to be built upon a deep understanding of the local market and the needs of buyers within it,” Schilp said in a prepared statement. “Our team takes great pride in our ability to understand local market conditions in areas like Kenvil to help buyers find spaces that are perfect for their businesses and assist sellers in attracting fair market value for their assets.”