Current Use by Public Records
- Lifestyle centers
Property Details for 303 Us-130
- Year built
- 1989
- Lot size
- 0.49 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This fee-simple, single-story shopping center in Bordentown, NJ, presents a compelling value-add opportunity. The 6,134 square foot building, constructed in 1989, sits on a 0.49-acre lot at the intersection of Butts Avenue, Crosswicks Road (NJ Route 528), and US Route 130, benefiting from high visibility and traffic counts exceeding 50,300 vehicles daily. The property boasts two long-term tenants, Quick Stop Food Store and Ying Hui Chinese, each with over 15 years of occupancy. A 1,500 square foot vacant unit offers significant upside potential for lease-up and increased net operating income (NOI). The current NOI is $109,000, yielding a 7.52% cap rate on the $1,450,000 asking price. The property's strategic location in affluent Bordentown, a bedroom community of Philadelphia, is surrounded by a dense population (over 28,900 within 3 miles, average household income $148,881) and a strong retail trade area including ShopRite, ALDI, Acme, CVS, and many more national retailers. Its proximity to Interstates 295 and 95 further enhances its appeal. This property offers a blend of stable income and significant growth potential. The property consists of three units and one building.
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
- Bordentown
- County
- Burlington
- State
- New Jersey
- Longitude
- -74.7025
- Latitude
- 40.1445
