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Property profile & analytics
FOR SALE
Commercial real estate

2841 Route 42 Sicklerville, NJ 08081

0.72 ac lot
Entity Owned 20-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US59-0395482
Property summary
AI-generated overview

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 profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.72 ac (31,363 SF)
Zoning code HC
APN 18 00094-0000-00003
UPID US59-0395482
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
J Franklin Properties LLC · 20 yrs held
J Franklin Properties LLC
since 2006
2 recorded transactions
2006
$875,000
1969
Price N/A
Zoning & alternative use
HC · Sicklerville, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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