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    Prime Commercial Site on Stokes Title is generated by Realmo AI

    638- STOKES, Medford, NJ 08055

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    For Sale
    $995,000

    Two properties on 0.94 acres in a strategic location.

    Type:Commercial/Industrial
    Property size:
    4,500 SF
    Lot size:
    0.94 Acres
    Price / SF:
    $221/SF
    Added:
    Mar 12, 2026
    Days on Market:
    67
    Last Refresh:
    Apr 6 at 1:52 am

    Property Features for 638- STOKES

    General Information

    Standard status
    Active
    Size
    4,500 SF
    Lot size
    0.94 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1979

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    Listing Contact
    James L Moffa
    James L Moffa

    Listing agent James L Moffa License #901791

    Listing office Keller Williams Realty - Marlton

    Listing date Mar 12, 2026

    Source Exitrealty

    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 Keller Williams Realty - Marlton

    HighLights

    • Prime commercial location on Stokes Road with high visibility and high traffic volume.
    • Large 0.94‑acre lot zoned CC (Community Commercial) offering flexibility.
    • Includes a ~4500 SF commercial building and a ~1750 SF two‑family residential house, providing multiple options.
    • Located in an affluent area with excellent demographics and a high average household income.
    • Strategic location with superior access to major roadways.
    • Close proximity to first‑class medical facilities and high‑end shopping centers.

    Overview

    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.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $747.7K
    NOI $67,293 @ 9.00% cap · cautious / downside scenario
    Moderate
    $961.3K
    NOI $67,293 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.35M
    NOI $67,293 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
    Calculated for Retail

    Component $ $/SF
    Gross rent $101.0k $22.44
    − Vacancy −$4.8k −$1.08
    EGI $96.1k $21.36
    − OpEx −$28.8k −$6.41
    NOI $67.3k $14.95
    4,500 SF · lease $22.44/SF/yr · vacancy 4.80% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $961.3K
    $841.2K – $1.12M (±1% cap)
    NOI $67,293 @ 7.0% cap · market cap 6.76%
    Second Best
    no second resolved use
    Theoretical Best
    Warehouse
    $9.41M
    $8.24M – $10.98M (±1% cap)
    NOI $658,816 @ 7.0% cap · market cap 66.21%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Burlington
    State
    New Jersey
    Longitude
    -74.8113
    Latitude
    39.8712

    FAQs

    What type of property is this?
    Storefront property - Two properties on 0.94 acres in a strategic location.
    Where is this storefront property located?
    The property is located at 638- STOKES Medford, 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: Prime commercial location on Stokes Road with high visibility and high traffic volume.; Large 0.94‑acre lot zoned CC (Community Commercial) offering flexibility.; Includes a ~4500 SF commercial building and a ~1750 SF two‑family residential house, providing multiple options.
    More about this property
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