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501 Tansboro Rd Berlin, NJ 08009

For Sale
$995,000

Prime Retail Location, 4,059 sqft, 3.6 acres

Property size:
4,059 SF

Description

Added:
Feb 3, 2025
Days on Market:
311
This exceptional commercial property, situated at 501 Tansboro Road in Berlin, New Jersey, presents a compelling investment opportunity. The 4,059-square-foot building sits on a sizable 3.6-acre lot at the strategic intersection of Tansboro and Taunton Roads in Winslow Township. Currently occupied by a diverse mix of tenants including a pizza shop, convenience store, and dry cleaner, the property offers immediate income generation. One tenant is currently operating below market rent, presenting a significant opportunity to increase profitability upon lease renewal in January 2027. Projecting this adjustment to market rates, a cap rate of approximately 7% is achievable. The property's potential extends beyond its current occupancy. The building allows for expansion of over 2,000 square feet, catering to future growth and tenant needs. Furthermore, the property benefits from its location near a substantial new residential development. This development, comprising 142 single-family homes and 139 townhomes, is nearing completion with move-ins anticipated within the next year. This influx of new residents will significantly increase foot traffic and demand, driving up property value and rental income. This combination of existing income, expansion potential, and proximity to a burgeoning residential community makes this a truly unique and promising investment. The asking price is $995,000.

Property Features for 501 Tansboro Rd

General Information

Property type
Other commercial real estate
Square Feet
4,059 SF
Lot Size
156,816 SF

Building Details

Year Built
1988

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

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
Berlin
County
Camden
State
New Jersey
Longitude
-74.91985
Latitude
39.76916

FAQs

What type of property is this?
Commercial real estate - Prime Retail Location, 4,059 sqft, 3.6 acres
Where is this commercial real estate located?
The property is located at 501 Tansboro Rd Berlin, NJ.
What is the asking price?
The asking price for this property is $995,000.
More about this property
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