523 Hollywood Ave Cherry Hill, NJ 08002
- Commercial real estate
- 1.31 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 523 Hollywood Ave
- Year built
- 1970
- Construction
- BRICK
- Lot size
- 1.31 lot acres
- Property type
- Commercial real estate
- APN
- 09 00128- 01-00013
- APU
- 9001280100013
Description
This exceptional three-story office building, located at 523 Hollywood Avenue in Cherry Hill, NJ, offers 30,000 square feet of premium office space. The building, constructed in 1968 and recently renovated, boasts luxurious finishes throughout, including a new roof, HVAC system, LED lighting, and upgraded security cameras. Six suites are available, ranging from 947 to 5,329 contiguous square feet, with a total of 9,576 square feet currently vacant. The building is a Class B property with three stories and elevators. Its convenient location on the east side of Route 38 provides easy access to major roadways, including I-295 and the New Jersey Turnpike, and is less than a 10-minute drive from Center City Philadelphia. Nearby amenities include the Cherry Hill Mall and the Shops at Garden State Park. This multi-tenant building presents a fantastic opportunity for businesses seeking modern, well-maintained office space in a desirable location. The building features ample window-lined office space, creating a bright and inviting atmosphere. Competitive leasing incentives are available. Contact us today to schedule a tour and learn more about this exceptional property. The property is situated in Camden County, New Jersey, and has a zip code of 08002.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,620,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,300,000
- 6.5%
- $2,220,000
- 7%
- $2,085,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,295,000
- Geo Method
- $2,235,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,175,000
- Retail
- $2,060,000
- Mixed-Use
- $1,980,000
- Hospitality
- $2,280,000
- Educational
- $2,105,000
- Residential Income
- $2,250,000
- Energy
- $1,915,000
- Income-Based Land
- $2,495,000
- Food Service
- $2,285,000
Location Insight
- Map
- Local Demand
- City
- Cherry Hill
- County
- Camden
- State
- New Jersey
- Longitude
- -75.0377
- Latitude
- 39.9365
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
