238 TAUNTON BLVD Active Save Request In-Person Tour Request Virtual Tour
Medford,NJ 08055
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
Year Built 1950
Annual Tax Amount $20,667
Tax Year 2023
Lot Size 1.330 Acres
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
Exterior
Garage Spaces 55.0
Waterfront N
Water Access N
View Street,Trees/Woods,Other
Roof Type Asbestos Shingle,Pitched
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
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard