101 E Main St, Unit MOORESTOWN Moorestown, NJ 08057

Located in the heart of Moorestown on East Main Street’s Historic District, this multi-unit commercial building offers a combination of professional office and retail spaces. Constructed in 1849, the building features three levels of leased space, including two at street level and above, and one below street level, with an atrium on the street level. The net rental area is approximately 5,700 square feet, with a total area of approximately 7,100 square feet including common areas. The building contains 4 powder rooms located in the common areas on the street and second floor levels. There is off-street parking for 4 vehicles, along with ample street parking. The property is consistently fully occupied with competitive rental income and long-term tenants. The net income for the year 2024, after deduction of operating expenses, was approximately 58% of the total rental income. The building has been under the same ownership for 42 years and has been well-maintained. There are a total of 6 tenants occupying 8 units. Each tenant controls the climate temperature in their unit with individual thermostats for heating and cooling. Heating is provided by a high-efficiency Weil McClain gas-fired boiler, and domestic hot water is provided by a hot water heater. Each tenant has a separate air handler for heat distribution from the boiler and a separate outdoor condensing unit for air conditioning distribution. The landlord covers all utilities (water, sewer, electric, and gas, excluding internet and phone) and taxes. The property's location provides access to I-295, Route 38, and Route 73.