Active

20 Trading Post Way

Medford Lakes NJ, 08055

$895,000


$223.75 per sqft

Active

4,000 sqft

Commercial

Built in 1971

SO MUCH OPPORTUNITY in the HEART of MEDFORD LAKES on the unique TRADING POST WAY!!! With over 4,000 sq ft of potential, the possibilities are endless as an investor to collect rental income OR as an owner-occupied business OR both! The lower and upper floors each have 2000 sq ft.. On the lower floor, 1300 sq ft is finished, has a drive thru window & is rented until November 2025 w/ current tenants having no intentions of leaving. There is another 700 sq ft of unfinished area on the lower floor . All of the upper floor (2000 sq ft) is an unfinished canvas & ready for you to tailor to meet your specific business goals. This is an ideal location for just about any business w/ high visibility & an abundance of traffic from the community. Some options might include an eatery/restaurant, brewery, retail, medical, fitness/yoga w/ a juice bar, professional office space, apartments for residents to live in on the second floor & the list goes on (please review your ideas w/ the town for approval)! We estimate the potential rental income for the whole building, once finished, would be about $8000-$10,000/mo or more! There are currently three separate entrances in the front of the building, one entrance in the back & there is ample parking (3 spots on the property including 1 handicapped spot & plenty of municipal parking around the building). The 2 heating units are approximately 3 yrs. old. This property is not just a space; it's an investment in the future success of your business w/ the flexibility to design and adapt how you see fit!

NJBL2059188

MLS ID

January 24, 2024

Listed

November 22, 2024

Updated

Map

20 Trading Post Way
Medford Lakes NJ, 08055

Interior Features

Total Stories

2


Interior Features

Elevator


Appliances

Electric Water Heater


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Forced Air, Natural Gas

Exterior/Building Features

Lot Size

0.19 Acres


Roof

Shingle


Sewer

Public Sewer

Other Property Details

Area Name

MEDFORD LAKES BORO


Taxes

$16,538


Tax Frequency

Annually


Days on Market

238


Garage

No


Parking

On Street


Parking Total

25


View

No


County

BURLINGTON


Water Source

Well, Private


Pool

No

Listing History

Date

Event

Price

7/22/2024

Price change

$895,000

-6%

5/26/2024

Price change

$950,000

-5%

5/16/2024

Active

4/23/2024

Under contract

4/5/2024

Active

Listed by Keller Williams Realty - Moorestown
Listing Contact: 6093203122 

The IDX display contains information sourced from the Bright MLS, Inc. as of 11/22/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 11/22/2024 at 1:49 AM UTC

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