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