Four-Unit Retail/Office/Flex
2070 SPRINGDALE RD Cherry Hill, NJ
2070 SPRINGDALE RD, Cherry Hill, NJ, 00000
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For Sale
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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$211.96
Days on Market50
Property Features for 2070 SPRINGDALE RD
General Information
- Standard status
- Active
- Size
- 23,000 SF
- Property subtype
- Retail, Office, Industrial
Building Details
- Year Built
- 1964
Listing agency
Feinberg and McBurney
Listed by
Marc Raiken · License #NJ 8933949
Source
Crexi
Added: Jun 2 Updated: Jul 10 at 1:52PM Checked: Jul 21 at 6:46AM
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
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
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $690.0k | $30.00 |
| − Vacancy | −$220.8k | −$9.60 |
| EGI | $469.2k | $20.40 |
| − OpEx | −$117.3k | −$5.10 |
| NOI | $351.9k | $15.30 |
23,000 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.03M
$4.40M – $5.87M
NOI $351,900 @ 7.0% cap · market cap 7.22%
Second Best
Retail
$4.69M
$4.10M – $5.47M
NOI $328,285 @ 7.0% cap · market cap 6.73%
Theoretical Best
Office A
$6.01M
$5.26M – $7.01M
NOI $420,403 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Barbacoa Food Services — 67 Bloomfield Ave, River Edge, NJ 07661
FAQs
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 $4,875,000.
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
