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501 TANSBORO ROAD, BERLIN, NJ 08009
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$1,050,000
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Property Details for 501 TANSBORO ROAD
Price
$1,050,000
Type
commercial/industrial
Year Build
1988
Lot Size
3.6
Tax
$13,067
MLS®️ Listing#
NJCD2079864
On exitrealty.com
18 days
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.
- Utilities
- Water Available
- Sewer Available
- Natural Gas Available
- Electric Available
- Phone
- Cable TV Available
- Cooling Information
- Central A/C
- Heating Information
- Forced Air
- Water Features
- Well
Listing courtesy: Realty Mark Advantage - 8564574900
IDX listing information is from various brokers who participate in IDX and provided courtesy of Bright MLS. Property information being provided on or through the website is for the personal, non-commercial use of consumers and such information 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 on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Information contained on this website provided by MRIS is deemed reliable but not guaranteed ©2024 Bright, All Rights Reserved.
Last Updated: 2024-11-23 04:54:16
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