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    850 Evesham Rd Cherry Hill, NJ 08003

    For Sale
    Contact for pricing

    3.79 Acres, Institutional Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 3.79-acre commercial development site is located at 850 Evesham Road in Cherry Hill, New Jersey, zip code 08003. The property is zoned IN- Institutional, presenting a unique opportunity for developers seeking to build in a prime location. Situated in the heart of the affluent Marlton trade area, this land parcel benefits from a highly desirable demographic profile. Within a five-minute drive, the median household income surpasses $116,000, indicating strong purchasing power and a robust potential customer base. The expansive lot size offers significant flexibility for various development projects. Given the IN- Institutional zoning, potential uses could include senior living facilities or daycare centers, aligning with the area's demographic needs and affluent community. The property's address is easily accessible, providing convenient access for residents and employees. This exceptional location and zoning make this a rare and highly sought-after development opportunity in Camden County, New Jersey. Serious inquiries are encouraged to explore the full potential of this remarkable land parcel. The property's latitude and longitude coordinates are 39.8733746 and -74.9315636 respectively.

    Property Features for 850 Evesham Rd

    General Information

    Property type
    Land
    Lot Size
    165,092 SF

    HighLights

    • 3.79‑acre commercial development site in Cherry Hill, NJ (08003).
    • IN‑Institutional zoning ideal for senior living or daycare facilities.
    • Prime Marlton location with $116,000+ median household income within a 5‑minute drive.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Balloon Store Skunk Funk Corporate Campus Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Map

    City
    Cherry Hill
    County
    Camden
    State
    New Jersey
    Longitude
    -74.9315636
    Latitude
    39.8733746

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    FAQs

    What type of property is this?
    Land - 3.79 Acres, Institutional Zoning
    Where is this land located?
    The property is located at 850 Evesham Rd Cherry Hill, NJ.
    What are key features of this property?
    This property features: 3.79-acre commercial development site in Cherry Hill, NJ (08003).; IN-Institutional zoning ideal for senior living or daycare facilities.; Prime Marlton location with $116,000+ median household income within a 5-minute drive.
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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
    850 Evesham Rd Cherry Hill, NJ 08003
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