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    2426-2428 Nj-38 Cherry Hill, NJ 08002

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    Contact for pricing

    NJ-38 Retail/Medical Office Opportunity

    Property size:
    12,080 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.8-acre commercial property, located at 2426-2428 NJ-38 in Cherry Hill, New Jersey (zip code 08002), offers a total of 12,080 square feet of space ideal for a variety of uses. Currently zoned for commercial and medical office purposes, the property boasts a highly desirable location, situated next to a Wawa and McDonald's, ensuring high visibility and convenient access for potential tenants and customers. The ample parking lot provides 43 spaces, accommodating both employees and patrons. The property's versatility is further enhanced by its potential for development. Preliminary plans suggest the possibility of creating approximately 7,480 square feet of retail space and a 4,600 square foot car wash. This presents a unique opportunity for investors and developers seeking a prime location in a thriving commercial area. The property's strategic positioning in Camden County, New Jersey, offers excellent connectivity and accessibility, making it an attractive investment prospect. The existing infrastructure and the potential for future development make this a compelling opportunity to capitalize on a high-traffic location in a growing market. Serious inquiries are encouraged to explore the possibilities of this versatile and strategically located commercial property.

    Property Features for 2426-2428 Nj-38

    General Information

    Property type
    Medical offices
    Square Feet
    12,080 SF
    Lot Size
    34,848 SF

    HighLights

    • 7,480 SF of proposed retail space.
    • 4,600 SF of proposed car wash space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Cherry Hill
    County
    Camden
    State
    New Jersey
    Longitude
    -75.008425
    Latitude
    39.9415206

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    FAQs

    What type of property is this?
    Medical office - NJ-38 Retail/Medical Office Opportunity
    Where is this medical office located?
    The property is located at 2426-2428 Nj-38 Cherry Hill, NJ.
    What are key features of this property?
    This property features: 7,480 SF of proposed retail space.; 4,600 SF of proposed car wash space.;
    Request Owner's contact information
    2426-2428 Nj-38 Cherry Hill, NJ 08002
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2426-2428 Nj-38 Cherry Hill, NJ 08002
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