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    198 Route 73 S Berlin, NJ 08009

    For Sale
    $599,900

    Commercial Sale - BERLIN, NJ

    Type:Retail
    Days on Market:
    200
    Last Refresh:
    Dec 13 at 4:06 pm

    Property Features for 198 Route 73 S

    General Information

    Property type
    Other
    Property subtype
    Retail
    Standard status
    Active
    Parking
    11
    Parking features
    Parking Lot

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1961
    Building materials
    Vinyl Siding

    Century 21 Reilly Realtors (856) 767-1776 [email protected]

    Listing agent Charles A Maimone Sr. (856) 767-1776 License #7816854

    Listing date May 28, 2025

    Copyright © 2025 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.

    Overview

    Corner Retail Investment Opportunity

    This commercial property is located at the corner of Route 73 and Taunton Avenue, featuring a traffic light. The property is currently leased to Enterprise. The location benefits from high traffic volume, with approximately 35,000 cars passing by daily. This property is intended for investment purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Berlin
    County
    Camden
    State
    New Jersey
    Longitude
    -74.92506
    Latitude
    39.79601

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    FAQs

    What type of property is this?
    Retail property - Corner property leased to Enterprise with high traffic volume.
    Where is this retail property located?
    The property is located at 198 Route 73 S Berlin, NJ.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: - High Traffic Location: Situated on the corner of Route 73 & Taunton Ave with a traffic light, boasting 35,000 cars passing by daily.; - Leased to Enterprise: Provides immediate rental income, making it a hassle-free investment.; - Investment Opportunity: Explore the potential for significant value increase in this prime location.
    (856) 767-1776
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    198 Route 73 S Berlin, NJ 08009
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    Berlin, NJ 08009
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    198 Route 73 S Berlin, NJ 08009
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