Current Use by Public Records
- Retail properties & Spaces
Property Details for 172 Route 73
- Year built
- 1961
- Property type
- Retail properties & Spaces
Description
This exceptional retail property, located at 172 S Route 73 in Berlin, New Jersey, presents a compelling investment opportunity. Situated on the corner of Route 73 and Taunton Avenue, this 1,700 square foot building benefits from a highly visible location with a traffic light, ensuring maximum exposure to the 28,000 vehicles that pass by daily. Currently leased to Enterprise, the property boasts a solid 7% capitalization rate, offering a strong return on investment. This is a prime opportunity to capitalize on a high-traffic location and a stable, established tenant. The property's strategic placement at a major intersection guarantees consistent foot traffic and visibility, making it ideal for a variety of retail businesses. Detailed financial information and lease terms are available upon request. Don't miss this chance to acquire a lucrative retail investment in a thriving New Jersey market. This property is priced at $535,000 and offers significant potential for future appreciation. Further documentation is available for review. Act quickly to secure this exceptional investment opportunity.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Berlin
- County
- Camden
- State
- New Jersey
- Longitude
- -74.9251
- Latitude
- 39.796
