Office Space with Retail
For Sale
$995,000
1309 Route 70 W, Cherry Hill, NJ 08002
For-sale office suite on Route 70 W with signage opportunity and parking for staff and visitors.
Property Size2,991 SF
Price / SF$332.66
Days on Market180
Property Features for 1309 Route 70 W
General Information
Standard status
Active
Size
2,991 SF
Building Details
Year Built
1970
Listing Agency:
Sabal Real Estate
Listed By:
Jenifer Raffa · License #0453407
(856) 872-4100
Source:
Tbhteam
Added: Apr 24
Changed: Oct 7
Last Checked: Oct 7 at 5:10PM
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 Sabal Real Estate
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Investment Insights
Based on property information with market context.
This for-sale office suite is positioned along Route 70 W and is described as offering retail-style visibility. The offering includes signage opportunity and is sized as 2,991 (per the property information). It is presented for professional, medical, or creative office use, with ample parking for staff and visitors.
The property is located in Cherry Hill, NJ, and the remarks note easy access to I-295 and the NJ Turnpike. The area is described as surrounded by a mix of retail, dining, medical, and professional services, including national retailers and restaurants.
The location is also described as convenient to Cherry Hill Mall, Garden State Pavilion, and downtown Haddonfield.
The property is located in Cherry Hill, NJ, and the remarks note easy access to I-295 and the NJ Turnpike. The area is described as surrounded by a mix of retail, dining, medical, and professional services, including national retailers and restaurants.
The location is also described as convenient to Cherry Hill Mall, Garden State Pavilion, and downtown Haddonfield.
Key Highlights
- For‑sale office suite with retail exposure along Route 70 W in Cherry Hill, NJ
- Highly visible Route 70 frontage with signage opportunity
- Parking available for staff and visitors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,971
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$839,420
$839.4K
Cap Rate 7%
$599,586
$599.6K
Cap Rate 9%
$466,344
$466.3K
Market Conditions
NOI Build-Up for 2,991 SF
Gross rent
$65.7K $21.96/SF
− Vacancy
−$9.7K −$3.25/SF
EGI
$56.0K $18.71/SF
− OpEx
−$14.0K −$4.68/SF
NOI
$42.0K $14.03/SF
Area
Camden County, NJ
Vacancy
14.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$839,420
Cap Rate 7%
$599,586
Cap Rate 9%
$466,344
Alternative Uses
Best Use
Office B
$599.6K
$524.6K – $699.5K
NOI $41,971 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$758.4K
$663.6K – $884.8K
NOI $53,087 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,300
Businesses Nearby
Explore this area
Business Placement
Demographics for 08002, NJ
23,920
Population
9,967
Households
2.4
Avg Household Size
41
Median Age
46%
College-Educated
92%
High-School Grad
7.2 sq mi
ZIP Area
3,322
Density / Sq Mi
$105,523
Median Household Income
$56,963
Median Earnings
$1,895
Median Rent
$301,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - For-sale office suite on Route 70 W with signage opportunity and parking for staff and visitors.
Where is this office unit located?
The property is located at 1309 Route 70 W Cherry Hill, NJ.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: For‑sale office suite with retail exposure along Route 70 W in Cherry Hill, NJ; Highly visible Route 70 frontage with signage opportunity; Parking available for staff and visitors
