7 Taunton Lk Rd Medford, NJ 08055
- Retail properties
- 4,147 SF
Current Use by Public Records
- Retail properties
Property Details for 7 Taunton Lk Rd
- Property size
- 4,147 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a fully occupied, single-story retail auto shop building situated on a 0.58-acre lot in the thriving town of Medford, New Jersey, bordering Evesham. The property, located at 7 Taunton Lake Rd, Medford, NJ 08055, boasts 4,147 square feet of space, currently operating at 100% occupancy, offering immediate and substantial cash flow. The building is classified as Class B and features a newly installed 50-year silicone roof (2023), minimizing future maintenance costs. The asking price is $699,000, translating to a price per square foot of $168.56. This stabilized investment property presents a rare opportunity to acquire a well-maintained, high-performing asset in a desirable location. The multi-tenancy structure provides diversification and potential for future growth. The property's prime location within Medford, a prominent town in Burlington County, ensures high visibility and accessibility for customers. This is an ideal acquisition for investors seeking a stable, income-generating property with significant long-term potential. The property's strong occupancy rate and recent roof installation contribute to its overall value and attractiveness. This is a turnkey investment ready for immediate returns.
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
- Medford
- County
- Burlington
- State
- New Jersey
- Longitude
- -74.8584
- Latitude
- 39.8538
