Jennifer Giacobetti - Coldwell Banker Hearthside
11 Tomlinson Mill Rd
MEDFORD, NJ 08055

Description

Strip Retail Center in Medford, NJ. Building and Land for Sale only. Does not include the businesses. Estimated Total Building Space is 3800 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 2400 SF...and the other 750 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.

Details

MLS#1005921223
StyleIndustrial
Sub-TypeResale
StatusActive
Year2018
Days On Site354

Features

SQ Feet19,998
Story(s)0
Units3
ZoningCOM

Market Activity 08055

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Area Information

StateNJ
CityMEDFORD
Zip Code08055
AreaMedford Twp (20320)
Listing VS Median (in 08055)
Price:
$875,000
low | high
Med:
$372,400
100% of Average
SqFt:
19,998
low | high
Med:
2,982
100% of Average
$ / SqFt:
$44
low | high
Med:
$130
100% of Average
On Site:
354
low | high
Med:
107.5
100% of Average
Listing Updated: 01/21/2019
MLS Number: 1005921223
Listing Provided By:
James L Moffa  of  Keller Williams Realty-Marlton

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