33 Collings Ave Collingswood, NJ 08108

Property Details for 33 Collings Ave

Construction

CONCRETE BLOCKS

Lot size

0.49 lot acres

Property type

Commercial real estate

APN

12 00096- 01-00018

APU

12000960100018

Description

This exceptional investment opportunity presents a 2,500 square foot retail building located at 33 Collings Avenue in Collingswood, New Jersey. The property sits on a 0.21-acre lot and includes a private parking lot, adding significant value and convenience for both the tenant and potential future occupants. Currently, the building is occupied by a tenant under a long-term lease agreement. This lease boasts a five-year initial term with a built-in five-year renewal option, providing exceptional stability and predictable income. Furthermore, the lease incorporates annual rent increases, ensuring consistent growth in rental revenue over time. The building itself is in excellent condition, minimizing potential maintenance expenses and maximizing the return on investment. Adding to the security of this investment, the tenant has provided a personal guarantee, further mitigating risk for the property owner. This turnkey investment offers a compelling blend of strong tenant occupancy, a favorable lease structure, and a well-maintained property, making it an ideal addition to any portfolio seeking stable, long-term income generation. The asking price for this exceptional opportunity is $899,000.