Homes for sale - 501 TANSBORO RD, Berlin, NJ 08009

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Travis Gray

[email protected] +1(301) 641-0809

$ 1,050,000

Est. payment -/mo

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501 TANSBORO RD Berlin, NJ 08009

4,059 SqFt

UPDATED:

11/17/2024 10:52 PM

Key Details

Property Type Commercial

Sub Type Land for Commercial Use

Listing Status Active

Purchase Type For Sale

Square Footage 4,059 sqft

Price per Sqft $258

MLS Listing ID NJCD2079864

Originating Board BRIGHT

Year Built 1988

Annual Tax Amount $13,067

Tax Year 2023

Lot Size 3.600 Acres

Acres 3.6

Property Description

A 4,000-square-foot commercial/retail building on 3.6 acres, located at the intersection of Tansboro and Taunton Roads in Winslow Township. It has the potential for an expansion of more than 2,000 square feet. New construction is underway near a residential complex with 142 single-family homes and 139 townhomes, and move-ins are expected to begin around next year. When that happens, the value of this property is likely to increase. Currently, this property houses a pizza shop, a convenience store, and a dry cleaner. One of these tenants is renting below market rate, and if adjusted to market rate upon renewal in 2026, a cap rate of approximately 7% could be achieved.

Location

State NJ

County Camden

Area Winslow Twp (20436)

Zoning PC3

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Heat Source Natural Gas

Exterior

Garage Spaces 20.0

Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available

Waterfront N

Water Access N

Roof Type Shingle

Accessibility None

Road Frontage Boro/Township

Total Parking Spaces 20

Garage N

Building

Foundation Concrete Perimeter

Sewer On Site Septic

Water Well

New Construction N

Schools

School District Winslow Township Public Schools

Others

Tax ID 36-01601-00014

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

Listed by Jukab Seo • Realty Mark Advantage

Travis Gray

Advisor | License ID: 636268

+1(301) 641-0809

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