1025 Pearl St Bridgeton, NJ 08302
- Lifestyle centers
- 17,470 SF
- 1.14 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 1025 Pearl St
- Year built
- 1968
- Lot size
- 1.14 lot acres
- Property size
- 17,470 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This 17,470 square foot retail center, located at 1025 N. Pearl Street in Bridgeton, New Jersey, presents a compelling value-add investment opportunity. The property, situated on a 1.14-acre lot in Cumberland County, is currently vacant but offers significant potential. The single-story building, constructed in 1968, features three separately metered units with high ceilings and an open floor plan, allowing for flexible customization. The B2 zoning provides versatility for future uses. The property's prime location on a high-traffic corridor, near numerous national retailers, ensures excellent visibility and accessibility. With a pro-forma NOI of $270,000 and a pro-forma cap rate of 27%, this property offers strong potential for significant returns. The asking price is $999,999, translating to $57.24 per square foot. This is an ideal opportunity for owner-users or investors seeking a substantial retail property in a thriving New Jersey market. The property's size and location make it suitable for a variety of retail uses, and its vacant status allows for immediate occupancy and customization to suit a specific business plan. Easy access to major highways further enhances its appeal.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bridgeton
- County
- Cumberland
- State
- New Jersey
- Longitude
- -75.2104
- Latitude
- 39.4575
