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Property profile

701 High St Wadsworth, OH 44281

FOR SALE
Commercial land
Property ID
US66-0576058
2,102 SF 0.91 ac lot Built 1958
Entity Owned 8-yr Hold Free & Clear

Property summary

AI-generated overview

This exceptional two-story, Class B office building, totaling 18,630 square feet, presents a fantastic leasing opportunity in the thriving Cherry Hill, New Jersey market. Built in 1968, the property boasts a convenient location along heavily traveled Kings Highway, offering excellent visibility and accessibility. The building features ample parking with 250 spaces available for tenants and their clients. Currently, there are two available office spaces, ranging from 1,200 to 1,310 square feet, ideal for medical or professional office users. The building's strategic location provides easy access to major roadways, including Routes 70, 73, and 38, as well as I-295 and the New Jersey Turnpike, ensuring seamless commutes for employees and clients. Situated in the heart of Cherry Hill, this property benefits from a strong local economy and a high concentration of businesses and professionals. The building is a single structure, offering a cohesive and efficient workspace. This is a multi-tenant building, providing a diverse and collaborative environment. The property is classified as a Traditional Office, Medical Office, and Executive Office space, making it suitable for a wide range of businesses. In Camden County, this location offers a blend of convenience and accessibility, making it an attractive option for businesses seeking a prime office space in a desirable location.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1958
Total area 2,102 SF
Lot 0.91 ac (39,596 SF)
APN 040-20B-06-096
UPID US66-0576058

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$230k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2018
4 recorded transactions
2018
$180,000
2016
Price N/A
2003
$265,167
2000
$230,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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