Property profile

1507 Route 206 Tabernacle, NJ 08088

FOR SALE
Commercial real estate
Property ID
US59-0036937
1,668 SF 2.8 ac lot Built 1978
Entity Owned 22-yr Hold ~ Est. High Equity
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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

Location

1507 Route 206 Tabernacle, NJ 08088
Tabernacle metro Census 703600 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2004
6 recorded transactions
2004
$239,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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