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Cherry Hill Office Building For Sale

532 Route 70 W, Cherry Hill, NJ

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For Sale

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Premier office building on Route 70, fully leased.

Type:OFFICE

Property size:

3,500 SF

Lot size:

0.33 Acres

Price / SF:

$242/SF

HighLights

Premier office building location on heavily trafficked Route 70 in Cherry Hill.
Fully leased with high‑quality tenants, including a long‑term medical tenant.
Easily accessible from major thoroughfares (I‑295, King’s Highway, Haddonfield Road, Route 38).
Well‑maintained building with floor‑to‑ceiling windows.
Prominent signage.
Corner property with 11 parking spaces.

We can help!

Listing Contact

Emily Stein

For Sale

Contact for pricing

Premier office building on Route 70, fully leased.

Type:OFFICE

Property size:

3,500 SF

Lot size:

0.33 Acres

Price / SF:

$242/SF

Added:: Jun 4, 2024
Days on Market:: 741
Last Refresh:: May 20 at 9:04 pm

Property Features for 532 Route 70 W

General Information

Standard status: Active
Size: 3,500 SF
Lot size: 0.33 Acres
Property subtype: OFFICE

We can help!

Listing Contact

Emily Stein

Listing agent Emily Stein License #NJ 1865294

Listing office Vantage Commercial

Listing date Jun 4, 2024

Source Moodyscre

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 Vantage Commercial

HighLights

Premier office building location on heavily trafficked Route 70 in Cherry Hill.
Fully leased with high‑quality tenants, including a long‑term medical tenant.
Easily accessible from major thoroughfares (I‑295, King’s Highway, Haddonfield Road, Route 38).
Well‑maintained building with floor‑to‑ceiling windows.
Prominent signage.
Corner property with 11 parking spaces.

Overview

This is an opportunity to acquire a well-maintained office building constructed in 1989. The building is located along heavily trafficked Route 70 in Cherry Hill. Situated on a corner property, the building features floor-to-ceiling windows and prominent signage. There are 11 parking spaces available. The building is fully leased with high-quality tenants. The first floor is occupied by a long-term medical tenant, and the second floor is leased to an office user. The property is easily accessible from major thoroughfares, including I-295, King’s Highway, Haddonfield Road, and Route 38. Nearby amenities include Wegmans, the Cherry Hill Mall, DDW, Barnes and Noble, and The Cheesecake Factory, along with other medical, retail, and service-type users. The property size is 3,500 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$105.0k	$30.00
− Vacancy	−$33.6k	−$9.60
EGI	$71.4k	$20.40
− OpEx	−$17.9k	−$5.10
NOI	$53.6k	$15.30

3,500 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$765.0K

$669.4K – $892.5K (±1% cap)

NOI $53,550 @ 7.0% cap · market cap 6.30%

Second Best

Healthcare Medical

$744.5K

$651.4K – $868.6K (±1% cap)

NOI $52,114 @ 7.0% cap · market cap 6.13%

Theoretical Best

Office A

$913.9K

$799.7K – $1.07M (±1% cap)

NOI $63,974 @ 7.0% cap · market cap 7.53%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Location Insight

Map
Local Demand

City: Cherry Hill
County: Bergen
State: New Jersey
Longitude: -74.0399
Latitude: 40.9287

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What type of property is this?

Office building - Premier office building on Route 70, fully leased.

Where is this office building located?

The property is located at 532 Route 70 W Cherry Hill, NJ.

What is the asking price?

The asking price for this property is $849,950.

What are key features of this property?

This property features: Premier office building location on heavily trafficked Route 70 in Cherry Hill.; Fully leased with high‑quality tenants, including a long‑term medical tenant.; Easily accessible from major thoroughfares (I‑295, King’s Highway, Haddonfield Road, Route 38).

532 Route 70 W, Cherry Hill, NJ

Premier office building on Route 70, fully leased.

Property Features for 532 Route 70 W

General Information

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

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Back-Facing Office Suite with Parking

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Four-Unit Retail/Office/Flex Building

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Two-Building Retail and Warehouse

Single-Story Building Near Route 38

Retail and Showroom Building

Cherry Hill Office For Sale

Flex Industrial Property For Sale

Fairfax Avenue Commercial Property

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