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501 Tansboro Road

BERLIN, NJ 08009
  • $995,000
  • STATUS: Active
  • ON SITE: 21 Days
  • ID#: NJCD2079864
Price Reduced
UPDATED: 41 min ago
$995,000
  • 0
    BEDS
  • 3.6
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1988
County:

School Ratings & Info

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.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Daunno Realty Services, LLC. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-12-05T10:53:42.81.
www.daunnorealty.com/homes/157836176
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501 Tansboro Road BERLIN, NJ 08009

  • Price: $995,000
  • Status: Active
  • On Site: 21 Days
  • Updated: 41 min ago
  • ID#: NJCD2079864
0
Beds
0
Baths
0
½ Baths
3.6
Acres
1988
Built
Neighborhood:
Winslow Twp (20436)
County:
Camden
Area:
Winslow Twp (20436)
School District:
Winslow Township Public Schools
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.
Exterior Features

Construction Materials BlockMasonryStucco Garage YN No Location Type Suburban Parking Types Parking Lot Road Responsibility Boro/Township Roof Shingle Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 4059.00 Cooling Central A/C Heating Forced Air Heating YN Yes Net Square Feet 4000.00

Property Features

Accessibility Features None Central Air YN Yes Cooling Fuel Electric Cross Street TAUNTON Foundation Details Concrete Perimeter Heating Fuel Natural Gas Hot Water Natural Gas Municipality WINSLOW TWP Navigable Water YN N New Construction YN No Original MLSNumber 803482623036 Ownership Interest Fee Simple Property Sub Type Land for Commercial Use Sale Type Standard Sewer On Site Septic Tax Annual Amount 13067.00 Tax Lot 00014 Utilities Water AvailableSewer AvailableNatural Gas AvailableElectric AvailablePhoneCable TV Available Vacation Rental YN No Water Source Well Zoning PC3

Listing courtesy of Realty Mark Advantage: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Daunno Realty Services, LLC. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-12-05T10:53:42.81.
 
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Daunno Realty Services, LLC
206 Westfield Avenue
Clark NJ, 07066