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    701-705 Nj-73 Berlin Township, NJ 08091

    Sponsored
    For Sale
    $995,000

    9,000 SF Office, 6 Suites

    Property size:
    9,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 9,000 square foot office building, situated on a prominent 3.03-acre corner lot in Berlin Township, New Jersey, presents a unique investment opportunity. The property boasts over 360 feet of frontage on Route 73, ensuring high visibility and accessibility. Built in 1947, this two-story structure features a robust concrete and steel beam construction on the second floor and a partial basement. The building is currently 100% occupied, divided into six individual suites, each with its own electric meter, and offering the potential for single-tenant occupancy. Additional features include eight HVAC systems, an overhead door for convenient deliveries, a separate 600 square foot storage building, and ample parking with 11 spaces. The property is zoned C, allowing for a variety of uses. Six powder rooms and one full bathroom cater to the needs of tenants and staff. The building's three-phase electrical system and multiple HVAC units ensure efficient operation. This well-maintained property offers significant potential for both users and investors, making it a truly rare opportunity in the area. The asking price is $995,000, with a price per square foot of $110.56. The gross lease structure simplifies management.

    Property Features for 701-705 Nj-73

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    9,000 SF
    Lot Size
    131,987 SF

    Building Details

    Year Built
    1947
    Buildings
    1
    Stories
    2
    Units
    6
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Berlin Township
    County
    Camden
    State
    New Jersey
    Longitude
    -74.916461379783
    Latitude
    39.791541692146

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    FAQs

    What type of property is this?
    Office Property / Space - 9,000 SF Office, 6 Suites
    Where is this office property / space located?
    The property is located at 701-705 Nj-73 Berlin Township, NJ.
    What is the asking price?
    The asking price for this property is $995,000.
    (856) 767-1776
    Request Owner's contact information
    701-705 Nj-73 Berlin Township, NJ 08091
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    Berlin Township, NJ 08091
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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
    701-705 Nj-73 Berlin Township, NJ 08091
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