I am very pleased to offer a very strategic commercial mixed use property. Could be owner occupied...subsidize your mortgage, or move in your business and reside upstairs. Many options. A very strategic positioned building ~, almost on the border of Cherry Hill township. Direct visibility from Route 38 West, that is on King Ave...with parking for 10 vehicles. The main floor comprises of an estimated 1280 Square Feet, which can be subdivided into two independent offices, or, has the flexibility to be one complete open office suite. The zoning is such that it's very suitable for accountants, attorneys, insurance agencies, engineers, investment advisors, management consultants, small retail, call operations, or even Intelligent Offices. It is estimated that the going commercial lease rate could be $1400 to $1600 per month, depending upon whether there's a triple net, or double net or variable lease set up. Presently the rental income minus the office suites is $19,200. With the office suites rented, could be $38,400+. The building has two residential apartment units which are fully rented upstairs, and, are completely independently metered. They have their own separate entry ways, gas & electric utilities, public water & sewer. The current income is for each unit is bringing in $800.00 per month. The potential is much higher and this is without the first floor office suites being leased at the moment. The building provides an excellent opportunity for an owner occupied business/professional person. Both leases upstairs expire next year. It most certainly is a Prime location situated right before a signalized corner intersection...in a very heavily commercial & residential area. Many new commercial developments, located on a very heavily traffic highway, strip shopping centers, and adjacent to a residential community. It's in close proximity to high end shopping and dining establishments...simply minutes away. Nearby national franchises and businesses include WAWA, Benihana, Steak 38, Starbucks, Burger King, McDonalds, Walmart, and many more. Most important is the fact that the owner had upgraded the total building. It's in excellent condition, conforms to all municipal code requirements. The inside has been extremely maintained, and, is most certainly a turnkey facility. It's strategic in every sense of the word~..location, easily accessible, a short distance to the Center Philadelphia, and, surrounding amenities such as the Cherry Hill & Moorestown Malls, business districts, restaurants. It's in close proximity to NJ Interstates 295, and PA 95, and, NJ Turnpike. It's also about an hours+ drive to many shore points,... in addition to easy access to Routes 38, 70, & 73. You are literally minutes from the Ben Franklin and Walt Whitman, Betsy Ross, Tacony Palmyra bridges...and, easily accessible to the Commodore Barry and Burlington Bristol and NJ Turnpike Bridges. This property offers a wide range of opportunities to end-users. The location enjoys easy proximity the city, and many other amenities. It is strategically located in the tri-state area, and,.... is accessible by I-76/I-95/I-295/I-476/I-676, Rt. 42, & 41. The immediate area services many of the local industrial parks, & office complexes. Ideal market positioning with excellent visibility. Guaranteed income. Price right to sell. This has been reduced significantly...from the previous listing.
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