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Property profile & analytics
OFF-MARKET
Land

NJ 08002 Rte 70/Union Ave Cherry Hl Cherry Hill, NJ 08002

1.79 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.79-acre commercial land parcel presents a remarkable development opportunity in the thriving Cherry Hill, New Jersey market. Situated at the intersection of Route 70 and Union Avenue, this property boasts a highly visible location with an estimated 50,000 vehicles passing daily. Its strategic position offers unparalleled access to major roadways including Routes 70, 38, and 130, ensuring seamless connectivity throughout the region. The site benefits from its proximity to established businesses and amenities, including the DoubleTree Hotel, Cooper Hospital-Cherry Hill, Garden State Pavilions Shopping Mall, and Cherry Hill Mall, attracting a substantial customer base and workforce. This owner-user opportunity is ideal for a variety of commercial and industrial uses, capitalizing on the high traffic volume and convenient location. The land is priced at $0/SF, offering significant potential for development and return on investment. Less than 7 miles from the Walt Whitman, Ben Franklin, and Betsy Ross bridges, this location provides easy access to Philadelphia and beyond. This is a rare chance to acquire a prime commercial land parcel in a highly sought-after area of Southern New Jersey.

Property profile
Verified
Property type Land
Lot 1.79 ac (77,972 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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