Overview
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".
