3163 Marne Hwy Mount Laurel Township, NJ 08054
- Commercial real estate
- 4.12 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 3163 Marne Hwy
- Year built
- 2004
- Lot size
- 4.12 lot acres
- Property type
- Commercial real estate
- APN
- 24 00203- 06-00003- 03
- APU
- 2400203060000303
Description
Seven Eleven Shopping Center presents a prime retail opportunity in Burlington County. This single-story, Class B property, built in 1986, totals 30,327 square feet and sits on 4.21 acres of land. Currently, there are three available spaces ranging from 1,200 to 4,027 contiguous square feet, out of a total of 14 suites. The center boasts 9,367 square feet of vacant space, offering significant potential for new tenants. The property features ample parking with 157 spaces, ensuring convenient access for customers. Its strategic location provides easy ingress and egress from Marne Highway and Larchmont Avenue, with quick access to Route 28, I-295, and the New Jersey Turnpike. The center is ideally situated within a one-mile radius of a residential area comprising 4,600 homes, providing a strong customer base. The property is zoned for business use and has a low tax rate of $3 per square foot. While there are no elevators, the single-story design promotes easy accessibility. This well-maintained property offers a fantastic opportunity for businesses seeking a thriving location with high visibility and convenient access for customers. The property is categorized as a multi-tenant retail space, suitable for restaurants and fitness centers, among other uses.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $4,610,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $5,405,000
- 6.5%
- $5,230,000
- 7%
- $4,645,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $5,385,000
- Geo Method
- $4,600,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,760,000
- Retail
- $5,075,000
- Mixed-Use
- $5,370,000
- Hospitality
- $5,270,000
- Educational
- $4,430,000
- Residential Income
- $4,980,000
- Energy
- $5,690,000
- Income-Based Land
- $5,465,000
- Food Service
- $5,540,000
Location Insight
- Map
- Local Demand
- City
- Mount Laurel
- County
- Burlington
- State
- New Jersey
- Longitude
- -74.8779
- Latitude
- 39.9787
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA