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$1,495,000

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58 SqFt

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238 TAUNTON BLVD Medford, NJ 08055

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Melissa Roswell

melissaroswell@kw.com +1(856) 904-9502

UPDATED:

11/08/2024 06:24 AM

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 58 sqft

Price per Sqft $25,775

Subdivision Lake Pine

MLS Listing ID NJBL2066190

Originating Board BRIGHT

Year Built 1950

Annual Tax Amount $22,106

Tax Year 2024

Lot Size 1.330 Acres

Acres 1.33

Lot Dimensions 0.00 x 0.00

Property Description

This simply doesn't happen every day in Medford, NJ. A very rare opportunity to own a 5,865 square foot, one-story, masonry neighborhood retail strip center on 1.33 acres, with expansion possibilities (Possibly 3000 to 5000 SF). This center currently has four tenants (with executed leases) , which includes a Barber Shop, Dry Cleaners, Photography Shop, and an Italian Restaurant. Each lease is for multiple years. Each tenant has it's own gas and electric meters. There's also a fifth electric meter for the common areas. There is public water & sewer.... which the owner bills back each according to square footage. In excess of 50 Parking spaces, could be more. Leases could be increased at the end of each expiration date. The property benefits from a sizeable market of residents, and densely population of townhouses, condos, apartments, and single-family houses. Its strategic position strengthens its appeal. Most important is the traffic count on both roads, in addition to it's location at a lighted intersection....with frontages and ingress / egress on both Tomlinson Mill Road & Taunton Blvd. All of the former and latter factors make this an attractive investment opportunity. Within close proximity to the high-end Promenade Shopping center, Garden State Park and minutes away from the Cherry Hill & Moorestown Malls, and the Market Place at Garden State, and Centerton Square/Moorestown. Excellent Dense and Affluent Demographics surrounded by high income developments (125,748.00 per year) in a five-mile radius. Superior Location and Access....it simply doesn't get any better. Access to numerous points of interest. Literally thousands of Townhouses, Condos, etc....within two miles. This unit is a centrally & strategically located off Taunton Blvd. & Tomlinson Mill Road & Hopewell Road. It's accessible by I-295, Routes 38, 206, 73, 70, PA & NJ Turnpikes, & the Atlantic City Expressway and, close proximity to center Philadelphia and Shore points. Route 70 is minutes away, and Route 73 about 8 minutes away. Approximately 30 minutes to center Philadelphia. About an hour's drive to the Jersey Beaches or New York City, and the Tri State area. A short drive to the Ben Franklin, Walt Whitman, Tacony-Palmyra Bridge or Burlington/Bristol Bridge connecting with I-95 & Bucks County. Easily accessible to the Philadelphia International Airport and Atlantic City's Int'l Airport...which allows many retail and commercial uses. Close to first class medical facilities such as University of Penn Hospital, Cooper MD Anderson Cancer Center & Hospital, Fox Chase, and Virtua. Conveniently located on Taunton Blvd., a short distance to the new Renaissance of the Taunton Forge Shopping Center with Restaurants, Tacos Tio, Shops, Illiano's, and many shops, etc. Just to mention some attractive features: 1. Public Water & Sewer. 2. Each unit is independently metered Gas & Electric. 3. Parking for 50 Vehicles. 4. High Visibility, Exposure & Traffic Count. 5. It’s minutes to high end shopping and restaurants. 6. Less than an hours drive to many shore points. 7. Location in respect to your clients and customers. 8. Convenience to other businesses and communities locally…and, within the Tri-State Area. 9. Natural Gas & Electric. Being sold “AS IS”.

Location

State NJ

County Burlington

Area Medford Twp (20320)

Zoning CC

Interior

Hot Water Electric

Heating Central, Programmable Thermostat

Cooling Central A/C, Ceiling Fan(s)

Flooring Ceramic Tile, Carpet, Engineered Wood, Hardwood, Laminated, Vinyl, Other

Heat Source Natural Gas

Exterior

Garage Spaces 55.0

Waterfront N

Water Access N

View Street, Trees/Woods, Other

Roof Type Asbestos Shingle,Pitched

Street Surface Black Top

Accessibility 2+ Access Exits, 32\"+ wide Doors, 36\"+ wide Halls, Mobility Improvements, Wheelchair Mod

Road Frontage Boro/Township, Public

Parking Type Parking Lot

Total Parking Spaces 55

Garage N

Building

Lot Description Backs - Open Common Area, Backs to Trees, Corner, Not In Development, Partly Wooded, Road Frontage, Rural, Other

Foundation Slab

Sewer Public Sewer

Water Public

New Construction N

Schools

Elementary Schools Cranberry Pine E.S.

Middle Schools Medford Township Memorial

High Schools Shawnee

School District Medford Township Public Schools

Others

Tax ID 20-03201-00033 08

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Listed by James L Moffa • Keller Williams Realty - Marlton

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Melissa Roswell

Agent | License ID: 1540788

+1(856) 904-9502

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238 TAUNTON BLVD Medford, NJ 08055

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238 TAUNTON BLVD