143 Harding Ave Bellmawr, NJ 08031-2430
- Industrial properties
- 1.01 lot acres
Jul 27, 2022
Current Use by Public Records
- Industrial properties
Property Details for 143 Harding Ave
- Construction
- FRAME
- Lot size
- 1.01 lot acres
- Property type
- Industrial properties
- APN
- 04 00067-0000-00006
- APU
- 400067000000006
Description
This exceptional 26,284 square foot flex building, located at 143 Harding Ave. in Bellmawr, New Jersey (08031), presents a compelling value-add investment opportunity. The property, situated on a 1.01-acre lot, boasts a two-story design with 26,284 square feet of net rentable space. Currently, the building is 60% occupied by three tenants, generating a current NOI of $186,948 and a 6.68% cap rate. The pro-forma NOI is projected at $290,192, resulting in a 10.36% pro-forma cap rate. The building features three dock-high doors and three entry doors, along with two emergency exits and dual stairwells connecting the first and second floors. The first floor is currently leased to three tenants, while the second floor offers 10,514 square feet of office space. The property is zoned LI and offers ample parking with a ratio of 67 spaces per 1,000 square feet. Built in 1968, this Class C industrial building presents a unique opportunity for an owner-user seeking a blend of office, retail, and industrial space, or for continued operation as a multi-tenant property. The asking price is $2,800,000, translating to $106.53 per square foot and $700,000 per unit. Its prime location provides superior access to Route 42 and the Philadelphia Metropolitan Statistical Area.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $655,000
- ML approach
- $625,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Bellmawr
- County
- Camden
- State
- New Jersey
- Longitude
- -75.1016
- Latitude
- 39.8641
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
