542 Berlin - Cross Ky Rd Winslow Township, NJ 08081
- Lifestyle centers
- 40,695 SF
- 8.28 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 542 Berlin - Cross Ky Rd
- Year built
- 1990
- Lot size
- 8.28 lot acres
- Property size
- 40,695 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
Winslow Plaza, a single-story, 40,695-square-foot shopping center, presents a compelling investment opportunity. Located at 542 Berlin-Cross Keys Road in Winslow Township, New Jersey (zip code 08081), this property boasts 17 units within a single building constructed in 1990. Situated on an 8.28-acre lot (APN: 36-00502-0000-00004-02), it benefits from a CM - Major Commercial zoning designation. Currently 100% occupied, the center features a diverse tenant mix, leveraging the strength of a nearby ShopRite as a shadow anchor. The property offers significant potential for cash flow growth through numerous mark-to-market opportunities, projected at 3.79%. This unanchored strip center is strategically positioned in a desirable, affluent Philadelphia suburban market, attracting a substantial customer base. Within a three-mile radius, the population exceeds 63,843 individuals, with an average household income of $123,168. The property's location is further enhanced by its proximity to various key economic drivers. This presents a rare chance to acquire a well-located, high-performing retail asset in a thriving market.
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
- Winslow Township
- County
- Camden
- State
- New Jersey
- Longitude
- -74.9967
- Latitude
- 39.7414
