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Key Details
Sold Price $800,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 14,665 sqft
Price per Sqft $54
MLS Listing ID NJCD345490
Sold Date 09/29/21
HOA Y/N N
Originating Board BRIGHT
Year Built 1952
Annual Tax Amount $29,165
Tax Year 2020
Lot Size 0.833 Acres
Acres 0.83
Property Description
A very rare opportunity to own three units on Route 70 -- Marlton Pike. Total Estimated Square footage is 20,665. The main building actually has 10,165 SF of Space on the first floor, with another 6000 sq. foot in the basement. The main building is presently occupied by the owner... Kushner Draperies....with it's Sales offices, Design, Showroom, wood shop, manufacturing and storage. The company is planning to downsize their operations. With this comes two income producing leased suites. The first unit is leased as a Smoke Shop-- named Flavor, and the second is Body Graphics Artistic Studio....both are in excellent condition, You can determine that by looking at the photos. There's a new heating system in the former unit. These two additional units are leased as follows (One is 2000SF, which rents for $1900.00 per month, and a second 2500SF Unit that rents for $2500.00. Leases are active and in force and expire in 2021 & 2022. This space could be redeveloped, or used for many commercial applications. A very strategic location, easily accessible, a short distance to the Center Philadelphia, and, surrounding amenities such as the Cherry Hill Mall, business districts, restaurants. It's in close proximity to NJ Interstates 295, and PA 95, and NJ Turnpike. It's also about an hours+ drive to shore points. in addition to easy access to Routes 38, 70, & 73. You are literally minutes from the Ben Franklin and Walt Whitman bridges. The owner is selling the property "AS IS". All inspections, certifications, municipal approvals are completely on the buyer. The Seller will assist in obtaining such if need be.
Location
State NJ
County Camden
Area Pennsauken Twp (20427)
Zoning COM
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Flooring 3000+ PSI, Ceramic Tile, Wood, Other
Heat Source Oil
Exterior
Garage Spaces 15.0
Water Access N
Roof Type Rubber
Accessibility 2+ Access Exits, 36\"+ wide Halls, Level Entry - Main
Total Parking Spaces 15
Garage N
Building
Foundation Block
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Pennsauken Township Public Schools
Others
Tax ID 27-06102-00003 01
Ownership Fee Simple
SqFt Source Estimated
Security Features Security System
Acceptable Financing Cash, Conventional, Joint Venture
Listing Terms Cash, Conventional, Joint Venture
Financing Cash,Conventional,Joint Venture
Special Listing Condition Standard
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Bought with Ripalkumar H Patel • BHHS Fox & Roach-Southampton