Active

238 Taunton Blvd

Medford NJ, 08055

$1,495,000


$25,775.86 per sqft

Active

58 sqft

Commercial

Built in 1950

This simply doesn't happen every day in Medford, NJ. A very rare opportunity to own a 5,865 square foot, one-story, masonry neighborhood retail strip center on 1.33 acres, with expansion possibilities (Possibly 3000 to 5000 SF). This center currently has four tenants (with executed leases) , which includes a Barber Shop, Dry Cleaners, Photography Shop, and an Italian Restaurant. Each lease is for multiple years. Each tenant has it's own gas and electric meters. There's also a fifth electric meter for the common areas. There is public water & sewer.... which the owner bills back each according to square footage. In excess of 50 Parking spaces, could be more. Leases could be increased at the end of each expiration date. The property benefits from a sizeable market of residents, and densely population of townhouses, condos, apartments, and single-family houses. Its strategic position strengthens its appeal. Most important is the traffic count on both roads, in addition to it's location at a lighted intersection....with frontages and ingress / egress on both Tomlinson Mill Road & Taunton Blvd. All of the former and latter factors make this an attractive investment opportunity. Within close proximity to the high-end Promenade Shopping center, Garden State Park and minutes away from the Cherry Hill & Moorestown Malls, and the Market Place at Garden State, and Centerton Square/Moorestown. Excellent Dense and Affluent Demographics surrounded by high income developments (125,748.00 per year) in a five-mile radius. Superior Location and Access....it simply doesn't get any better. Access to numerous points of interest. Literally thousands of Townhouses, Condos, etc....within two miles. This unit is a centrally & strategically located off Taunton Blvd. & Tomlinson Mill Road & Hopewell Road. It's accessible by I-295, Routes 38, 206, 73, 70, PA & NJ Turnpikes, & the Atlantic City Expressway and, close proximity to center Philadelphia and Shore points. Route 70 is minutes away, and Route 73 about 8 minutes away. Approximately 30 minutes to center Philadelphia. About an hour's drive to the Jersey Beaches or New York City, and the Tri State area. A short drive to the Ben Franklin, Walt Whitman, Tacony-Palmyra Bridge or Burlington/Bristol Bridge connecting with I-95 & Bucks County. Easily accessible to the Philadelphia International Airport and Atlantic City's Int'l Airport...which allows many retail and commercial uses. Close to first class medical facilities such as University of Penn Hospital, Cooper MD Anderson Cancer Center & Hospital, Fox Chase, and Virtua. Conveniently located on Taunton Blvd., a short distance to the new Renaissance of the Taunton Forge Shopping Center with Restaurants, Tacos Tio, Shops, Illiano's, and many shops, etc. Just to mention some attractive features: 1. Public Water & Sewer. 2. Each unit is independently metered Gas & Electric. 3. Parking for 50 Vehicles. 4. High Visibility, Exposure & Traffic Count. 5. It's minutes to high end shopping and restaurants. 6. Less than an hours drive to many shore points. 7. Location in respect to your clients and customers. 8. Convenience to other businesses and communities locally...and, within the Tri-State Area. 9. Natural Gas & Electric. Being sold "AS IS".

NJBL2066190

MLS ID

May 31, 2024

Listed

November 22, 2024

Updated

Map

238 Taunton Blvd
Medford NJ, 08055

Interior Features

Interior Features

Carpet, Ceramic Tile, Hardwood, Laminate, Vinyl


Appliances

Electric Water Heater


Floor Description

Carpet, Ceramic Tile, Hardwood, Laminate, Vinyl


Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Ceiling Fan(s)


Heating

Yes


Heating Description

Central, Natural Gas

Exterior/Building Features

Lot Size

1.33 Acres


Lot Features

Corner Lot


Roof

Asbestos Shingle, Shingle


Sewer

Public Sewer

Other Property Details

Area Name

MEDFORD TWP


Taxes

$22,106


Tax Frequency

Annually


Days on Market

162


Garage

No


Parking Total

55


View

Yes


View Description

Street, Trees/Woods


County

BURLINGTON


Water Source

Public


Pool

No


Zoning

Community Commerical

Listed by Keller Williams Realty - Marlton
Listing Contact: 6094583711 

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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