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    FOR SALE
    Commercial real estate

    1507 Route 206, Tabernacle, NJ 08088

    1,668 SF 2.8 ac lot Built 1978
    Entity Owned 22-yr Hold ~ Est. High Equity
    Property ID
    US59-0036937
    Property summary
    AI-generated overview

    This exceptional 2,350 sq ft commercial property, situated on a prime 2.8-acre lot on Route 206 in Tabernacle, NJ, presents a rare investment opportunity. Currently operating as a used car lot, the building boasts significant street-level visibility and high traffic counts (estimated 15,000-20,000 vehicles daily, higher on weekends) due to its strategic location near a lighted intersection. Previously a bank, the property retains its original vault, adding unique character. Ample parking is available, with space for approximately 60 vehicles in the rear, in addition to front parking. The building features a recently installed well (well tank 4/23/24, well pump 7/22/24), a less-than-two-year-old roof, a 200-amp electrical service with a charging station, and a solar panel system (owned, not leased) generating income. The interior includes a large reception area (30' x 12'), four large offices (with potential for more), a full kitchenette, and a spacious 480 sq ft attic for storage. The building's architectural features include acoustical ceiling tiles, recessed fluorescent lighting, and numerous windows providing ample natural light. The property's zoning allows for flexibility in use, with potential for a variety of businesses, including professional offices, retail, daycare, or even a smaller pad site. Its proximity to major shopping centers (Promenade, Moorestown Mall, Cherry Hill Mall) and convenient access to Philadelphia and Atlantic City airports further enhance its appeal. The property is being sold "as is," with the owner providing a well certificate. The buyer will be responsible for obtaining necessary certifications and permits. The owner may also consider selling the existing used car business separately.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1978
    Total area 1,668 SF
    Lot 2.8 ac (121,968 SF)
    APN 35 00204-0000-00001- 02
    UPID US59-0036937
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Portner LLC · 22 yrs held
    Portner LLC
    since 2004
    6 recorded transactions
    2004
    $239,000
    1969
    1969
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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