Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Route 70 & Cornell Ave Cherry Hill, NJ 08002

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Super-regional shopping center with transit access in Cherry Hill, NJ.

    Type:Retail
    Property size:
    360,000 SF
    Added:
    Nov 21, 2025
    Days on Market:
    159
    Last Refresh:
    Apr 5 at 10:16 pm

    Property Features for Route 70 & Cornell Ave

    General Information

    Standard status
    Active
    Size
    360,000 SF
    Property subtype
    Retail

    Properties For Sale

    at Route 70 & Cornell Ave Contact us

    We can help!

    Listing Contact
    Joe Dougherty
    Joe Dougherty

    Listing agent Joe Dougherty

    Listing office Metro Commercial - PA

    Listing date Nov 21, 2025

    Source Metrocommercial

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Metro Commercial - PA

    Overview

    Super-Regional Shopping Center Available

    A super-regional shopping center with a gross leasable area of approximately 360,000 square feet is available. The property offers spaces ranging from approximately 10,000 to 25,287 square feet, as well as a pad site for lease. The location provides convenient access from Philadelphia and throughout South New Jersey. Furthermore, a New Jersey Transit bus and train line is located on the premises.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    • Towne Place at Garden State Park — 999 Haddonfield Rd, Cherry Hill, NJ 08002
    • Sunglass Hut at Macy's — 2130 NJ-70, Cherry Hill, NJ 08002
    • Market Place at Garden State Park — Marlton Pike W, Cherry Hill, NJ 08002
    • Market Place at Garden State Park — Olden Triangle, Cherry Hill, NJ 08002
    • Haddonfield Plaza Realty — 818 Haddonfield Rd, Cherry Hill, NJ 08002

    Map

    City
    Cherry Hill
    County
    Bergen
    State
    New Jersey
    Longitude
    -75.0244
    Latitude
    39.9312

    Nearby Similar for Sale

    • $445,000

      Commercial Property on Greentree Road

      Commercial property for sale in Cherry Hill East, New Jersey.
      1868 GREENTREE Road, CHERRY HILL, NJ 08003
      View Details
    • $2,100

      Cherry Hill Professional Office Space

      Professional office space for rent in Cherry Hill, NJ.
      1913 GREENTREE ROAD, CHERRY HILL, NJ 08003
      View Details
    • $155,000

      Cherry Hill Office For Sale

      Office space with reception area, close to major routes.
      1165--B MARLKRESS RD, CHERRY HILL, NJ 08003
      View Details
    • $155,000

      CHERRY HILL Office For Sale

      Office space with reception area, close to retail shopping.
      1165--B MARLKRESS Road, CHERRY HILL, NJ 08003
      View Details
    • $349,900
      4,500 SF

      Cherry Hill Office Investment Opportunity

      4,500 SF office building in desirable Cherry Hill location.
      1236 Brace Road, Cherry Hill, NJ 08034
      View Details
    • $550,000
      2,200 SF

      Cherry Hill Office Building For Sale

      2,200 SF office building in Cherry Hill Shopping District.
      2306 Church Road, Cherry Hill, NJ 08002
      View Details
    • Contact for pricing
      2,500 SF

      Cherry Hill Office For Sale

      2,500 SF office space in Cherry Hill, New Jersey.
      30 Rockhill Rd, Cherry Hill, NJ 08003
      View Details
    • $1,325
      900 SF

      Fairfax Avenue Commercial Property

      Commercial property available for sale on Fairfax Avenue.
      2020 Fairfax Ave #201, Cherry Hill, NJ 08003
      View Details
    • $4,600,000

      Retail and Warehouse Buildings For Sale

      Retail and warehouse buildings in Cherry Hill, NJ, near Philadelphia.
      1612&1604 ROUTE 70 W, CHERRY HILL, NJ 08002
      View Details
    • Contact for pricing
      2,400 SF

      Single-Story Building Near Route 38

      2,400 SF building on 0.24 acre lot near Route 38.
      2409 Church Road, Cherry Hill, NJ 08002
      View Details
    • $1,300,000
      1,487 SF

      Flex Industrial Property For Sale

      Flex and industrial property available for purchase.
      2431 CHURCH ROAD, CHERRY HILL, NJ 08002
      View Details
    • Contact for pricing
      40,946 SF

      Retail Property on Route 70

      Retail property available for sale on Route 70.
      2301-2311 Route 70 West, Cherry Hill, NJ 08002-3422
      View Details

    FAQs

    What type of property is this?
    Shopping center - Super-regional shopping center with transit access in Cherry Hill, NJ.
    Where is this shopping center located?
    The property is located at Route 70 & Cornell Ave Cherry Hill, NJ.
    What are key features of this property?
    This property features: Super‑regional dominant center; Easy access from Philadelphia and all of South NJ; NJ Transit bus & train line located on site
    (610) 260-2670
    We can help!
    Listing Contact
    Joe Dougherty
    Joe Dougherty
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!