Two-Building Retail and
1612&1604 ROUTE 70 W Cherry Hill, NJ 08002
1612&1604 ROUTE 70 W, Cherry Hill, NJ, 08002
$3,800,000
For Sale
$3,800,000
Commercial Sale - CHERRY HILL, NJ
Property Size22,000 SF
Price / SF$172.73
Days on Market566
Property Features for 1612&1604 ROUTE 70 W
General Information
- Property type
- Other
- Property subtype
- Retail
- Standard status
- Active
Taxes and HOA fees
- Tax Annual Amount
- 27667
Building Details
- Year built
- 1956
- Building materials
- Concrete, Stucco
Listing agency
RE/MAX Of Cherry Hill
(856) 424-4040
Listed by
Haci R Kose · License #NJ8048691
(856) 220-5099
Added: Jan 3, 2025 Updated: Jun 15 at 10:33AM Checked: Jul 23 at 9:06AM
MLS# NJCD2082418
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The offering includes two separate buildings at 1612 and 1604 Route 70 W, combined for retail and warehouse use, along with one two-bedroom apartment. The property is presented as a multi-use commercial asset, pairing retail-facing space with warehouse functionality under the same ownership.
The buildings are located in Cherry Hill, New Jersey, on Route 70 W. Public remarks indicate the site is conveniently positioned close to major nearby retailers and services, including Wegmans, Home Depot, and multiple car dealers, with Center City Philadelphia described as about 10 minutes away.
This configuration can suit buyers or tenants looking for both merchandising and storage/operations within a single ownership group, while also providing the added option of an apartment on-site. The property’s stated annual taxes are $27,667 for 1612 Route 70 and $37,173 for 1604 Route 70, which may be relevant for underwriting and planning.
The buildings are located in Cherry Hill, New Jersey, on Route 70 W. Public remarks indicate the site is conveniently positioned close to major nearby retailers and services, including Wegmans, Home Depot, and multiple car dealers, with Center City Philadelphia described as about 10 minutes away.
This configuration can suit buyers or tenants looking for both merchandising and storage/operations within a single ownership group, while also providing the added option of an apartment on-site. The property’s stated annual taxes are $27,667 for 1612 Route 70 and $37,173 for 1604 Route 70, which may be relevant for underwriting and planning.
Key Highlights
- Almost 22,000 SF of retail and warehouse space.
- Includes one two‑bedroom apartment.
- Prime retail location close to Wegmans, Home Depot, and car dealerships.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $475.2k | $21.60 |
| − Vacancy | −$26.6k | −$1.21 |
| EGI | $448.6k | $20.39 |
| − OpEx | −$134.6k | −$6.12 |
| NOI | $314.0k | $14.27 |
22,000 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.49M
$3.93M – $5.23M
NOI $314,012 @ 7.0% cap · market cap 8.26%
Second Best
Warehouse
$4.28M
$3.75M – $5.00M
NOI $299,848 @ 7.0% cap · market cap 7.89%
Theoretical Best
Office A
$5.74M
$5.03M – $6.70M
NOI $402,125 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Wegmans Catering — 2100 Rte 70 W, Cherry Hill, NJ 08002
FAQs
What type of property is this?
Flex space - Two combined buildings offer retail and warehouse space plus an on-site two-bedroom apartment for flexible use.
Where is this flex space located?
The property is located at 1612&1604 ROUTE 70 W Cherry Hill, NJ.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Almost 22,000 SF of retail and warehouse space.; Includes one two‑bedroom apartment.; Prime retail location close to Wegmans, Home Depot, and car dealerships.
