Four-Unit Retail/Office/Flex
For Sale
Contact for pricing
2070 SPRINGDALE RD, Cherry Hill, NJ
Four-unit retail/office/flex building with road frontage and visibility, acting as the entry to Cherry Hill Industrial Center.
Property Size23,000 SF
Price / SF$202.17
Days on Market143
Property Features for 2070 SPRINGDALE RD
General Information
Standard status
Active
Size
23,000 SF
Property subtype
Retail, Office, Industrial
Zoning
IR
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Stabilized
Net Operating Income
$329,000
Building Details
Year Built
1964
Year Renovated
2003
Buildings
1
Units
4
Tenancy
Multi
Listing Agency:
Feinberg and McBurney
Listed By:
Marc Raiken · License #NJ 8933949
Source:
Crexi
Added: Jun 2
Changed: Oct 3
Last Checked: Oct 20 at 8:57PM
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 Feinberg and McBurney
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property is a four-unit retail/office/flex building designed for mixed-use tenancy. It offers frontage and visibility from the street, supporting flexible operational needs across its different units. The building is positioned to function as a commercial front door within a larger industrial setting.
Located at 2070 SPRINGDALE RD, CHERRY HILL, NJ, the property benefits from its presence on Springdale Road. The seller describes it as the front door to the Cherry Hill Industrial Center, with the units oriented toward drive-by exposure and easy customer/visitor approach.
For buyers or operators, this configuration can appeal to businesses seeking a multi-tenant platform that combines retail-facing presence with office and flex options. The frontage and visibility characteristics make it practical for tenants that benefit from public awareness, while the overall mix of retail, office, and flex space supports flexible leasing strategies for a range of commercial users within the Cherry Hill Industrial Center environment.
Located at 2070 SPRINGDALE RD, CHERRY HILL, NJ, the property benefits from its presence on Springdale Road. The seller describes it as the front door to the Cherry Hill Industrial Center, with the units oriented toward drive-by exposure and easy customer/visitor approach.
For buyers or operators, this configuration can appeal to businesses seeking a multi-tenant platform that combines retail-facing presence with office and flex options. The frontage and visibility characteristics make it practical for tenants that benefit from public awareness, while the overall mix of retail, office, and flex space supports flexible leasing strategies for a range of commercial users within the Cherry Hill Industrial Center environment.
Key Highlights
- Four‑unit retail/office/flex building
- Road frontage and visibility on Springdale Road
- Acts as the entry to the Cherry Hill Industrial Center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$328,285
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,565,700
$6.6M
Cap Rate 7%
$4,689,786
$4.7M
Cap Rate 9%
$3,647,611
$3.6M
Market Conditions
NOI Build-Up for 23,000 SF
Gross rent
$496.8K $21.60/SF
− Vacancy
−$27.8K −$1.21/SF
EGI
$469.0K $20.39/SF
− OpEx
−$140.7K −$6.12/SF
NOI
$328.3K $14.27/SF
Area
Bergen County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,565,700
Cap Rate 7%
$4,689,786
Cap Rate 9%
$3,647,611
Alternative Uses
Best Use
Retail
$4.69M
$4.10M – $5.47M
NOI $328,285 @ 7.0% cap · market cap 7.06%
Second Best
Flex RnD
$4.34M
$3.79M – $5.06M
NOI $303,545 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$6.01M
$5.26M – $7.01M
NOI $420,403 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
496
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Barbacoa Food Services — 67 Bloomfield Ave, River Edge, NJ 07661
Frequently Asked Questions
What type of property is this?
Flex space - Four-unit retail/office/flex building with road frontage and visibility, acting as the entry to Cherry Hill Industrial Center.
Where is this flex space located?
The property is located at 2070 SPRINGDALE RD Cherry Hill, NJ.
What is the asking price?
The asking price for this property is $4,650,000.
What are key features of this property?
This property features: Four‑unit retail/office/flex building; Road frontage and visibility on Springdale Road; Acts as the entry to the Cherry Hill Industrial Center
