Status: Closed
MLS#: 1005921223
Type: Commercial - Retail
County: BURLINGTON
Strip Retail Center in Medford, NJ. Building and Land for Sale only. Does not include the businesses. Estimated Total Building Space is 4200 SF. Present Rental Income Est. at $81,000.00 per year....could be increase to over $95,000.00. The present Landlord/Owner has partitioned off three independent retail suites.....but, could be modified to simply have one units close to 2300 SF...and the other 700 SF. Landlord willing to discuss all options. Tenants from a rental standpoint, are responsible for their own fit-ups. Each has entrance doors and rear doors...except for the Middle suite. Present Tenants inlcude Panty Foods and Donkey's Steaks. This is a very rare opportunity to own a High Visibility, High Traffic Volume, strategically located strip center. Fantastic location for your future existing or new business. Leases are in place for the existing tenant, but there are buyout possibilities. Surrounded by housing developments, located next to Kings Grant & Barton Run. The zoning is such, that is can be used as a retail store, an office.... such as attorney, insurance agency, or other type of smaller professional office. Separately Controlled ...Three 5 Ton HVACs, (2 outside are York, 1 Inside is Carrier). Walk-in Cooler Est. 432 Sq. Ft,. Owners have just recently repaved the parking lot, driveway entrances, completely resurfaced the front with a new stone fa~ade, and Mansard Roof. This investment property is in a Prime Location...minutes from Routes 70 & 73, with easy access to all major highways including Routes 38 & 206, Interstate 295, NJ Turnpike and the Atlantic City Expressway. Short and easy access to shore resorts, upscale shopping & center city Philadelphia. Within close proximity to the high end Promenade Shopping Center & Marlton Square, and minutes away from the Cherry Hill & Moorestown Malls, the Market Place at Garden State, and Centerton Square Moorestown. It's approximately 30 minutes to center Philadelphia and 1.5 hours to New York City, and about an hours drive to Jersey beaches....not to mention the fact that it's centrally located in the Tri-State Area. This extraordinary property is priced to sell, and can be diversified.