Corner Retail Redevelopment
101 101-103 W Cuthbert Boulevard Collingswood, NJ 08108
New
101 101-103 W Cuthbert Boulevard, Collingswood, NJ, 08108
$499,890
For Sale
$499,890
Solid brick corner retail building with option to keep as one unit or divide back into two storefronts.
Property Size3,180 SF
Price / SF$157.20
Days on Market2
Property Features for 101 101-103 W Cuthbert Boulevard
General Information
- Standard status
- Active
- Size
- 3,180 SF
Building Details
- Year Built
- 1953
Listing agency
Keller Williams Realty - Washington Township
(856) 218-3400
Listed by
Thomas P. Duffy · License #8932672
Source
Kandorre
Added: Jul 21 Updated: Jul 22 at 8:49AM Checked: Jul 22 at 8:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty - Washington Township
Investment Insights
Based on property information with market context.
This solid brick corner retail building was originally constructed as two separate storefronts and is still deeded separately. The dividing wall has been removed to create one larger unit, with the option to keep it open or divide it back up depending on how you want to configure the space. The larger 101 side includes a HVAC system and hot water heater described as about two years old. The HVAC unit for the 103 side is on the roof and was just replaced, and a new water main valve was installed by the township last year.
The property is positioned on a highly traveled section of Cuthbert Boulevard and is described as near the Collingswood downtown area. A fully fenced rear parking lot provides space that can be used for extra parking and/or storage needs. The seller and agent make no representation regarding what the township will or will not approve for use, and potential buyers are directed to contact the township directly for use inquiries.
Historically, the building has been used for a variety of retail businesses including a bakery, a candy shop, a general store, and a pool store.
The property is positioned on a highly traveled section of Cuthbert Boulevard and is described as near the Collingswood downtown area. A fully fenced rear parking lot provides space that can be used for extra parking and/or storage needs. The seller and agent make no representation regarding what the township will or will not approve for use, and potential buyers are directed to contact the township directly for use inquiries.
Historically, the building has been used for a variety of retail businesses including a bakery, a candy shop, a general store, and a pool store.
Key Highlights
- 1953 solid brick corner retail building on Cuthbert Blvd with a fenced rear parking lot
- Originally built as 2 separate storefronts; still deeded separately, with option to keep as one unit or divide back into two
- 101 side includes 2‑year‑old HVAC and hot water heater
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 | $47.7k | $15.00 |
| − Vacancy | −$4.0k | −$1.25 |
| EGI | $43.7k | $13.76 |
| − OpEx | −$13.1k | −$4.13 |
| NOI | $30.6k | $9.63 |
3,180 SF · lease $15.00/SF/yr · vacancy 8.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$437.4K
$382.7K – $510.3K
NOI $30,619 @ 7.0% cap · market cap 6.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$806.3K
$705.5K – $940.7K
NOI $56,441 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
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- Michael Bruce Florist — Haddon Township, NJ 08108
FAQs
What type of property is this?
Storefront property - Solid brick corner retail building with option to keep as one unit or divide back into two storefronts.
Where is this storefront property located?
The property is located at 101 101-103 W Cuthbert Boulevard Collingswood, NJ.
What is the asking price?
The asking price for this property is $499,890.
What are key features of this property?
This property features: 1953 solid brick corner retail building on Cuthbert Blvd with a fenced rear parking lot; Originally built as 2 separate storefronts; still deeded separately, with option to keep as one unit or divide back into two; 101 side includes 2‑year‑old HVAC and hot water heater
