Neighborhood Shopping Plaza with 7
782-798 EMERSON Street Lindenwold, NJ 08021
For Sale
$3,000,000
Commercial Sale - LINDENWOLD, NJ
Property Size13,000 SF
Lot Size1.00 Acre
Price / SF$230.77
Days on Market98
Property Features for 782-798 EMERSON Street
General Information
Property type
Other
Property subtype
Retail
Parking
47
Parking features
Parking Lot
Standard status
Active
Lot size
1.00 Acre
Taxes and HOA fees
Tax Annual Amount
45166
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1966
Building materials
Brick
Listing Agency:
Realty Mark Advantage
(856) 457-4900
Listed By:
Jukab Seo · License #564074
(856) 912-2777
Added: Apr 23
Changed: Jun 24
Last Checked: Jul 29 at 9:06AM
MLS# NJCD2115936
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-established neighborhood shopping plaza is offered for sale in Lindenwold, New Jersey, with more than 60 years of operating history. The property is improved with a 13,000 SF retail building configured into seven (7) separate units. As of approximately two months ago, one unit is vacant, and ownership is in the process of securing a replacement tenant, with leasing activity indicating an imminent occupancy. Current tenants include a laundromat, tobacco shop, convenience store, Chinese restaurant, deli, and Spanish grocery store.
The plaza sits on approximately one acre and is located within a densely populated residential area. A similarly sized shopping center is positioned directly across the street, which can support walk-in traffic and a more active retail environment for area shoppers.
With a mix of daily convenience uses and neighborhood service tenants already in place, the property is positioned to appeal to buyers seeking an operating retail asset with multiple storefronts. The near-term replacement of the one vacant unit offers a practical path toward restoring full occupancy, while maintaining a tenant lineup that serves regular local shopping needs.
The plaza sits on approximately one acre and is located within a densely populated residential area. A similarly sized shopping center is positioned directly across the street, which can support walk-in traffic and a more active retail environment for area shoppers.
With a mix of daily convenience uses and neighborhood service tenants already in place, the property is positioned to appeal to buyers seeking an operating retail asset with multiple storefronts. The near-term replacement of the one vacant unit offers a practical path toward restoring full occupancy, while maintaining a tenant lineup that serves regular local shopping needs.
Key Highlights
- Approx. 1‑acre neighborhood shopping plaza with a 13,000 SF retail building built in 1966
- Building includes seven (7) retail units total, with one unit currently vacant (vacant as of two months ago)
- Tenant mix includes laundromat, tobacco shop, convenience store, Chinese restaurant, deli, and Spanish grocery store
Financial Insights For Specialty Retail
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 | $234.0k | $18.00 |
| − Vacancy | −$15.2k | −$1.17 |
| EGI | $218.8k | $16.83 |
| − OpEx | −$54.7k | −$4.21 |
| NOI | $164.1k | $12.62 |
13,000 SF · lease $18.00/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.34M
$2.05M – $2.73M
NOI $164,093 @ 7.0% cap · market cap 5.47%
Second Best
Retail
$1.79M
$1.56M – $2.09M
NOI $125,170 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$3.30M
$2.88M – $3.85M
NOI $230,735 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
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Frequently Asked Questions
What type of property is this?
Shopping center - For sale retail plaza with seven units in a 13,000 SF building, including one currently vacant storefront.
Where is this shopping center located?
The property is located at 782-798 EMERSON Street Lindenwold, NJ.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Approx. 1‑acre neighborhood shopping plaza with a 13,000 SF retail building built in 1966; Building includes seven (7) retail units total, with one unit currently vacant (vacant as of two months ago); Tenant mix includes laundromat, tobacco shop, convenience store, Chinese restaurant, deli, and Spanish grocery store
