Current Use by Public Records
- Retail properties & Spaces
Property Details for 1410 Nj-38
- Year built
- 1980
- Lot size
- 0.43 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional retail property, located at 1410 NJ-38 in Cherry Hill, New Jersey, presents a lucrative investment opportunity. The 2,400 square foot building sits on a 0.43-acre lot and is priced at $650,000, translating to $270.83 per square foot. Built in 1980, this single-story structure boasts a prime location at a high-profile, signalized intersection of Route 38 and Chapel Avenue, ensuring excellent visibility and accessibility. Traffic counts exceeding 56,000 ADT further underscore the property's strategic positioning within a high-population-density area abundant with daytime generators. The property is currently configured as a restaurant shell and is zoned B2, offering flexibility for a variety of uses. The existing infrastructure, combined with its location in the top-tier trade area of Cherry Hill, makes this a compelling investment prospect. The property is offered with a ground lease. This turnkey opportunity is ideal for savvy investors seeking a high-return investment in a thriving New Jersey market. The property's versatility, combined with its prominent location and strong traffic counts, makes it an exceptional addition to any portfolio. Don't miss this chance to acquire a well-positioned retail space in a highly desirable location.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cherry Hill
- County
- Camden
- State
- New Jersey
- Longitude
- -75.0362
- Latitude
- 39.9373
