George Torres - REMAX Distinctive
43 Charleston Rd
WILLINGBORO, NJ 08046

Description

Owner / Operator / Investor - 7.7% ROI / $54 Sf / $699,000* - Commercial Real Estate Opportunity - Willingboro, NJ 08046 ATTENTION Owners / Operators / Investors - Commercial Property Opportunity is available for sale. This Property has a consistent history of producing income and generates nearly ($10,000/month) with a historical 87% Occupancy Rate. Property is centrally located in a desirable commercial area with strong demographics and a population in excess of 178,000 within a 5-mile radius. The Property's (3) buildings contain nearly 13,000 Sf of space. Approximately 10,000 Sf is leasable / rentable space over a mix of commercial / retail / apartments of (9) units ranging in size from 240 Sf to 2,200 Sf. As currently configured, (2) of the larger units (2,200 Sf and 1,500 Sf) were used for a Bicycle Business that was in continuously operation at this location for over (50) years. These units were completely renovated before being recently leased. The Property is located on Willingboro Tax Map as Block 1, Lot 7. The lot contains 27,700 Sf (approx.) and is zoned B-1 / Commercial - (minimum lot size 42,000 Sf required for commercial properties). The Property is minutes from I-295, NJ Turnpike, Route 130 and Burlington Bristol Bridge. It has direct access to Major Highways, shore areas, restaurants, retailers and businesses and easy access to Philadelphia International Airport and Center City. The property is being sold As Is, but is in Average + condition. The owners have invested significantly into the Property over the past years, as you can see in the included photos. * Based on Historic Occupancy Rate and Actual Expenses - Purchase Price @ $699,000

Details

MLS#NJBL245974
StyleIndustrial
Sub-TypeResale
StatusActive
Year1965
Days On Site8

Features

SQ Feet13,000
Story(s)0
Units9
ZoningCLASS 4A

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Area Information

StateNJ
CityWILLINGBORO
Zip Code08046
AreaWillingboro Twp (20338)
Listing VS Median (in 08046)
Price:
$699,000
low | high
Med:
$175,000
100% of Average
SqFt:
13,000
low | high
Med:
0
100% of Average
$ / SqFt:
$54
low | high
Med:
$0
100% of Average
On Site:
8
low | high
Med:
14
57.142857142857% of Average
Listing Updated: 01/17/2019
MLS Number: NJBL245974
Listing Provided By:
Qizhan Q Yao  of  Realmart Realty

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