101 Taunton Rd Medford, NJ 08055
- Commercial real estate
- 8,496 SF
- 0.66 lot acres
Current Use by Public Records
- UPS Drop Box / Mailing Service
Property Details for 101 Taunton Rd
- Year built
- 1965
- Lot size
- 0.66 lot acres
- Property size
- 8,496 SF
- Zone code
- GD
- Property type
- Commercial real estate
- APN
- 20 02907-0000-00025- 02
- APU
- 200290700000002502
Description
This exceptional retail property, located at 101 Taunton Rd in Medford, New Jersey, presents a compelling investment opportunity. The 9,000 square foot building, featuring approximately 5,600 square feet on the ground floor, boasts a highly visible location with dual road access from Taunton and Tuckerton Roads. Its strategic position provides convenient access to surrounding neighborhoods including Medford, Marlton, Evesham Township, Medford Lakes, Shamong, and Tabernacle. The property is zoned CC-Community Commercial and is also situated within Medford Township's Redevelopment Zone. The building sits on a 0.64-acre lot and is currently vacant, with an occupancy date of February 29, 2024. The asking price is $750,000, translating to $83.33 per square foot. 2023 real estate taxes totaled $16,590. This versatile space is suitable for a variety of retail uses, including convenience stores, quick-service restaurants, and storefronts, making it an ideal investment for discerning buyers seeking high visibility and convenient access to a thriving community. The property offers significant potential for growth and return on investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $380,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $495,000
- 6.5%
- $500,000
- 7%
- $495,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $520,000
- Geo Method
- $540,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $410,000
- Retail
- $445,000
- Mixed-Use
- $415,000
- Hospitality
- $520,000
- Educational
- $495,000
- Residential Income
- $480,000
- Energy
- $445,000
- Income-Based Land
- $545,000
- Food Service
- $430,000
Location Insight
- Map
- Local Demand
- City
- Medford
- County
- Burlington
- State
- New Jersey
- Longitude
- -74.8439
- Latitude
- 39.8702
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA