Overview
Prime Commercial Site on Stokes
This is a rare opportunity to own two properties on Stokes Road in Medford, presenting a developer's dream. The site totals 0.94 acres and includes two buildings situated in one of the most strategically based business districts in Medford Township. The buildings, formerly Angelina Trattori and the Lite Bite Restaurant, are currently vacant. The primary layout areas in the commercial building include a cathedral dining room (approximately 646 square feet), a main dining room area (approximately 1,344 square feet), a serving area (approximately 285 square feet), a kitchen area (approximately 924 square feet), and an expanded kitchen area (approximately 825 square feet). The building also features three freezer and refrigeration areas, an office, and an entrance lobby. The property can be completely rehabilitated or demolished to fit specific requirements, or the entire site can be developed. A wide range of professional or retail uses are possible, subject to zoning requirements. The main building is approximately 4500 square feet, and the house is an estimated 1750 square feet. The residential house, previously a two-family rental property, could be leased for additional income or occupied by a live-in owner who could potentially operate a second business on the first floor. The property has a well and public sewer, with public water available. Positioned near a high-traffic volume signalized intersection with an average of over 20,000-25,000 vehicles per day, the location offers excellent dense and affluent demographics, surrounded by high medium household income developments (average $125,748.00). The location provides superior access and is zoned CC (Community Commercial), allowing many retail and commercial uses, although a variance may be needed depending on the specific use. The site is close to medical facilities and offers access to numerous points of interest. Medford's accessibility includes I-295 and Routes 38, 206, 73, 70, PA & NJ Turnpikes, and the Atlantic City Expressway, with close proximity to center Philadelphia and Shore points. It is also near the Promenade Shopping center and minutes away from the Cherry Hill & Moorestown Malls, the Marketplace at Garden State, and Centerton Square/Moorestown. The location is approximately 30 minutes to center Philadelphia, about an hour's drive to the Jersey Beaches, and 1 hour+ to New York City, centrally located in the Tri-State area. It is a short drive to the Ben Franklin, Walt Whitman, Tacony-Palmyra Bridge, or Burlington/Bristol Bridges connecting with I-95 & Bucks County, and easily accessible to the Philadelphia International Airport and Atlantic City's Int'l Airport.