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Key Details
Sold Price $800,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
MLS Listing ID NJBL2063212
Sold Date 07/16/24
Originating Board BRIGHT
Year Built 1985
Annual Tax Amount $28,222
Tax Year 2023
Lot Size 1.400 Acres
Acres 1.4
Lot Dimensions 0.00 x 0.00
Property Description
Exceptional opportunity to acquire a free standing office/retail/medical building in the heart of Medford. Offers outstanding visibility on heavily traveled Stokes Road, Medford’s main artery. 6,900 SF, 2-story building with ample parking in the Community Commercial zoning district, which allows for a wide range of permitted office, medical, retail and specialty uses. Versatile floor plan with tons of interior improvements and a turn-key professional office set up. This building was originally demised and metered for 4 separate tenants. While it is currently set up as a single tenant space, it could easily be put back to its original configuration. Great for an existing business looking to relocate and gain the benefit of this location or a start up business looking to capitalize on a great location. An investor can realize an excellent return once this value add acquisition is stabilized. Close proximity to Philadelphia and the shore. Easy access and short distances to Route 70, 206, & Atlantic City Expressway.
Location
State NJ
County Burlington
Area Medford Twp (20320)
Zoning CC
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Luxury Vinyl Plank, Carpet, Tile/Brick
Heat Source Natural Gas
Exterior
Garage Spaces 30.0
Water Access N
Roof Type Shingle
Accessibility None
Total Parking Spaces 30
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Lenape Regional High
Others
Tax ID 20-04802-00011
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with NON MEMBER • Non Subscribing Office