1030 Chester Ave Delran, NJ 08075

Property Details for 1030 Chester Ave

Year built

1940

Lot size

0.46 lot acres

Property size

2,300 SF

Property type

Mixed-use properties

Description

This fee-simple mixed-use property in Delran, New Jersey, presents a compelling investment opportunity. Located on a 0.46-acre lot, the 2,300-square-foot building boasts three units: a ground-floor commercial space currently configured as a barber shop and salon, and a one-bedroom apartment on the second floor. The commercial space features multiple stations, waiting areas, and restrooms, totaling approximately 400 square feet for the barber shop and additional space for the salon. The residential unit includes an eat-in kitchen, bathroom, and bedroom. Each unit has independent entrances and utilities. The property includes 20 parking spaces and an additional storage shed. Built in 1940, the building is zoned COM and offers significant potential for increased rental income. Its prime location, one block from Route 130, between a TD Bank and the Delran Fire Department No. 2, ensures high visibility and accessibility. The property benefits from proximity to major roadways (I-295, NJ Turnpike, AC Expressway, Garden State Parkway), shopping centers (Cherry Hill & Moorestown Malls), and medical institutions (University of Pennsylvania, Jefferson, Virtua, etc.). The asking price is $749,900, with a price per square foot of $326.04. Currently, the occupancy rate is 3%, presenting a significant opportunity to increase revenue. The seller pays for public water and sewer. The M1 zoning allows for potential future development, subject to municipal approvals.

Location Insight

City

Delran

County

Burlington

State

New Jersey

Longitude

-74.957

Latitude

40.0178