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Key Details
Sold Price $360,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 3,417 sqft
Price per Sqft $105
Subdivision Medford Village
MLS Listing ID NJBL377158
Sold Date 08/10/20
HOA Y/N N
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $8,962
Tax Year 2019
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 0.00 x 0.00
Property Description
A very rare find in Historic Medford Village. Undoubtedly, one of the finest buildings on Main Street. An investment opportunity unlike any other, the utmost attention paid to renovations. Aggressively priced to sell, fully leased, ....won't last long. A mixed use, stand alone building with a complete restoration 12 years ago. Simply gorgeous. Located close to the two most busiest streets in Medford, and three blocks to Route 70. The pictures being used, show previous and present setups. This building has a 1st floor retail/office space, with two residential apartments. A 2-story, two bedroom one bath townhouse with privacy fenced in back yard & a 2nd floor 1 bedroom, 1 bath Garden Style Suite with a balcony overlooking Main Street. A perfect setting to watch the festivities. Both units have newer appliances & are in excellent condition. Provides several options from an investment viewpoint. It has excellent cash flow, it's excellent for an owner occupied business & residence, and/or other combinations. Public parking adjacent. Extensive basement upgrades. Doesn't get any better than this. This is an opportunity for a very special purchase. Join Medford's Renaissance. Being Sold "AS IS". Within close proximity to the high end Promenade Shopping center, 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 in a five mile radius. Superior Location and Access....it simply doesn't get any better. Access to numerous points of interest. This unit is a centrally & strategically located on Main Street in Medford. 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. Approximately 30 minutes to center Philadelphia. About an hours 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 or Burlington/Bristol Bridges connecting with I-95 & Bucks County. Easily accessible to the Philadelphia International Airport and Atlantic City's Int'l Airport. Close to first class medical facilities. Centrally located in the Tri-State area. Gross Revenues were $4250.00..prior with the retail space leased on the 1st. Floor. Presently, Tenants pay all utilities, including water & sewer, and any increases in Taxes.
Location
State NJ
County Burlington
Area Medford Twp (20320)
Zoning HVC
Interior
Hot Water Natural Gas
Heating Forced Air, Programmable Thermostat
Cooling Central A/C, Programmable Thermostat
Flooring Carpet, Ceramic Tile, Hardwood, Heavy Duty, Laminated, Vinyl, Wood
Heat Source Natural Gas
Exterior
Garage Spaces 6.0
Water Access N
Roof Type Pitched,Shingle
Accessibility 2+ Access Exits, Level Entry - Main
Total Parking Spaces 6
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
Middle Schools Medford Twp Memorial
High Schools Shawnee
School District Medford Township Public Schools
Others
Tax ID 20-01813-00006
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, FHA, Negotiable
Listing Terms Cash, Conventional, FHA, Negotiable
Financing Cash,Conventional,FHA,Negotiable
Special Listing Condition Standard
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Bought with Melissa A Roswell • Compass New Jersey, LLC - Moorestown