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    238 Taunton Blvd Medford, NJ 08055

    For Sale
    $1,495,000

    1.33-acre retail strip, 4 tenants

    Property size:
    5,865 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 5,865 square foot, single-story retail center in Medford, NJ, presents a rare investment opportunity. Situated on a 1.33-acre lot with potential for expansion (3,000-5,000 sq ft), the property boasts four established tenants: a barber shop, dry cleaners, photography shop, and Italian restaurant, each with multi-year leases and individual gas and electric meters. A fifth meter services common areas. Public water and sewer are available, with costs billed back to tenants based on square footage. The property features over 50 parking spaces and enjoys high visibility at a lighted intersection with frontage and access on both Taunton Boulevard and Tomlinson Mill Road. Its prime location benefits from significant traffic counts and proximity to affluent residential areas, including townhouses, condos, apartments, and single-family homes, with average household incomes exceeding $125,748 within a five-mile radius. The center is strategically positioned near major shopping destinations such as the Promenade Shopping Center, Garden State Park, Cherry Hill Mall, Moorestown Mall, Marketplace at Garden State, and Centerton Square. Excellent access to major roadways, including I-295, Routes 38, 206, 73, and 70, as well as the PA and NJ Turnpikes and the Atlantic City Expressway, ensures convenient access for both tenants and customers. The property is also within easy reach of Philadelphia, the Jersey Shore, New York City, and major airports. The property is being sold "AS IS".

    Property Features for 238 Taunton Blvd

    General Information

    Property type
    Retail properties
    Square Feet
    5,865 SF
    Lot Size
    57,935 SF

    Building Details

    Year Built
    1950
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    King's Tailor & Cleaners Tailor LaScala's Pronto, Medford Italian Restaurant Sedia Mens Salon Hair Salon Life Captured by ... Photographer

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    BURLINGTON
    State
    New Jersey
    Longitude
    -74.85726
    Latitude
    39.85468

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    FAQs

    What type of property is this?
    Retail property - 1.33-acre retail strip, 4 tenants
    Where is this retail property located?
    The property is located at 238 Taunton Blvd Medford, NJ.
    What is the asking price?
    The asking price for this property is $1,495,000.
    (856) 441-6800
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    238 Taunton Blvd Medford, NJ 08055
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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
    238 Taunton Blvd Medford, NJ 08055
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