Collings Ave Oaklyn, NJ

Property Details for Collings Ave

Year built

1970

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a fully occupied, three-tenant commercial building situated in Oaklyn, New Jersey, on Collings Avenue. The property boasts a diverse tenant mix, including a convenience store, pizzeria, and laundromat, ensuring a robust and consistent income stream. Its prime location guarantees high visibility and foot traffic, maximizing rental potential. The building's design optimizes operational efficiency and tenant satisfaction. Each tenant is responsible for their own utilities (water, gas, and electric, metered individually) and handles all interior repairs and maintenance of their respective spaces. This triple-net lease structure minimizes landlord responsibilities, offering a hands-off approach to property management. The seller is responsible for maintaining the building's exterior, including structural repairs, taxes, insurance, snow removal, and lawn care. Ample parking is available, further enhancing the property's appeal to both tenants and customers. The asking price for this turnkey investment is $950,000. This property represents a rare opportunity to acquire a stable, high-performing commercial asset with significant long-term growth potential. The current lease agreements ensure a steady cash flow, making this an ideal investment for those seeking a low-maintenance, high-return portfolio addition. Contact us today to learn more and schedule a viewing.

Location Insight

City

Oaklyn

County

Camden

State

New Jersey

Longitude

-75.0807

Latitude

39.9122