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$2,100,000 Just Listed
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Property Description
Penzone Realty is pleased to present 55 Commerce Avenue, a distinctive industrial property located in the heart of Pitman, New Jersey. The offering consists of approximately 22,667 SF of existing improvements on ±0.76 acre, including a ±20,819 SF main building and ±1,848 SF secondary storage/garage structure, with approximately 242 feet of frontage along Commerce Avenue. The property contains substantial existing warehouse, staging, loading, office and support areas with multiple points of building access, dock-high loading and documented three-phase electrical service. The existing configuration provides an opportunity for continued industrial or owner-user occupancy while also offering potential for reconfiguration, adaptive reuse or redevelopment, subject to zoning and municipal approvals. What makes 55 Commerce Avenue particularly interesting is its in-town Pitman location. The property sits near downtown Pitman and the rail corridor in the area of the proposed Pitman Station of the Glassboro-Camden Line, creating a longer-term location and redevelopment story in addition to the utility of the existing industrial improvements. Potential purchasers may include industrial owner-users, warehouse or specialized industrial operators, investors evaluating subdivision or reconfiguration for smaller industrial/flex users, and buyers considering adaptive reuse or longer-term redevelopment.
Full Property Details
Full Property Details for 55 Commerce Ave
General
- Price: $2,100,000
- Taxes: $25,909 (2025)
- Status: Active
- Type: Warehouse
- Source: BrightMLSPhilly
- MLS ID: NJGL2079326
- Updated: 10/7/2026
- Added to Site: 2 day(s) ago
Business
- Business Type: Warehouse
Parking
- Total Spaces: 12
- Parking Type: Leased to Off Site
Location
- Area: Pitman Boro (20815)
- Municipality: PITMAN BORO
- County: GLOUCESTER
- Driving Directions: E Holly Ave to Commerce Ave
Heating & Cooling
- Cooling Type: None
- Heating Type: None
- Heating Fuel: Natural Gas
- Water Heater: None
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Block
- Drive-In Doors: 1
- # Loading Docks: 3
- Building Size: 22667
- Year Built: 1940
- Year Built Source: Estimated
Unit Information
- # Tenants: Single
- Other Units: Unit 1, Unit 1, Unit 1, Unit 1, Unit 1
Lot Features
- Lot Size (Acres): 0.77
- Lot Size (Sq. Ft.): 33,411
- Lot Size Source: Assessor
- Zoning: C-2
Financial Considerations
- Price Per Sq. Ft.: $92.65
- Assessment Year: 2021
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $720,500
- Tax Amount: $25,909
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 2
Listed by Penzone Realty, Joseph P Penzone
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Schools
Schools serving 55 Commerce Ave
School District:Pitman Borough School District
| Name | Grades | Distance |
|---|---|---|
Elwood Kindle Elementary School 211 Washington Avenue, Pitman, NJ 08071 | PK-5 | 0.6 mi |
Pitman Middle School 138 East Holly Avenue, Pitman, NJ 08071 | 6-8 | 0.2 mi |
Pitman High School 225 Linden Avenue, Pitman, NJ 08071 | 9-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 55 Commerce Ave
Date
Details
Price
Change
Source
10/07/2026
Listed
$2,100,000
778.66%
MLS
5/29/2008
Sold
$239,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 55 Commerce Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$25,909
6%
$720,500
—
2023
$24,504
4%
$720,500
—
2022
$23,539
-42%
$720,500
—
2021
$40,688
—
$720,500
-21%
2021
$40,688
5%
$907,600
—
2018
$38,600
-2%
$907,600
—
2019
$39,263
3%
$907,600
—
2017
$38,119
2%
$907,600
—
2016
$37,384
3%
$907,600
—
2015
$36,377
6%
$907,600
—
2013
$34,471
—
$907,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 55 Commerce Ave
55 Commerce Avenue, Pitman, NJ 08071 (MLS# NJGL2079326) is a Warehouse property. 55 Commerce Avenue is currently listed for $2,100,000 and was received on October 07, 2026. Want to learn more about 55 Commerce Avenue? Do you have questions about finding other Warehouse real estate for sale in Pitman? You can browse all Pitman real estate or contact a Coldwell Banker agent to request more information.

