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    2841 Route 42 Sicklerville, NJ 08081

    Sponsored
    For Sale
    $2,200,000

    High-Cash Flow Multi-Family Complex

    Property size:
    10,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional investment opportunity presents a 10,000 square foot multi-family property situated on a 0.72-acre lot at 2841 & 2901 Route 42 in Sicklerville, New Jersey. Priced at $2,200,000, this property boasts a prime corner location offering unparalleled visibility and accessibility. The complex comprises five retail stores, two apartments, and nine garage buildings, currently occupied by a diverse range of tenants including a hair salon, barbershop, food market, fence company, and several car detailing/repair workshops, along with storage units. The property's strategic location on Route 42 in Washington Township ensures high traffic volume, with an estimated 80,000 vehicles passing daily. Its proximity to Philadelphia, the Atlantic City Expressway, and Rowan University further enhances its appeal. Zoned to permit a cannabis retailer license, this property presents significant potential for future development and increased cash flow. Detailed financial information is available upon request to qualified buyers following submission of a written offer. This is a rare chance to acquire a substantial, high-yield commercial property in a thriving location.

    Property Features for 2841 Route 42

    General Information

    Property type
    Residential income properties
    Square Feet
    10,000 SF
    Lot Size
    31,363 SF

    Building Details

    Year Built
    1949
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Sicklerville
    County
    GLOUCESTER
    State
    New Jersey
    Longitude
    -75.02715
    Latitude
    39.72241

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    FAQs

    What type of property is this?
    Residential income property - High-Cash Flow Multi-Family Complex
    Where is this residential income property located?
    The property is located at 2841 Route 42 Sicklerville, NJ.
    What is the asking price?
    The asking price for this property is $2,200,000.
    (856) 316-0777
    Request Owner's contact information
    2841 Route 42 Sicklerville, NJ 08081
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    Sicklerville, NJ 08081
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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
    2841 Route 42 Sicklerville, NJ 08081
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