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Property profile & analytics
OFF-MARKET
Commercial land

1501 Route 206 Tabernacle, NJ 08088

768 SF Built 1950
Property ID
US59-1441262
Property summary
AI-generated overview

This is a very rare opportunity to own a Prime 2.72 Acre Parcel strategically located on Route 206, with high visibility. Back on the market again. Township would not allow a holding yard for automobiles.....so, the owner has decided to sell. The Township is looking for retail settings., and oth ... er uses. Obviously, there are many uses, but...any and all uses would have to be approved by the township, or through planning & zoning, or, the variance process. There was an option to tie into the CVS Pumping Station System on the lot adjacent to this. The owner would have to negotiate that with the next door's owner. The overall dimensions are 300' x 325'. The property has 300 feet frontage on Route 206, and backs up directly to Old Indian Mills Road...which with approvals could have ingresses and egresses on both roadways. The overall dimensions are 300' x 325'. The possibilities ... include but not limited to...a Scale down Retail Shopping Center, Management offices, Stores & Shops, Financial Institutions, .Insurance, but, no Car Dealership. This would be an excellent owner occupancy and provides several options from an investment standpoint. The property is being sold "AS IS". The present owner put thousands into the existing building. The buyers are responsible for all inspections, certifications, etc. Presently has a Cesspool, and Water well. A very strategic location, easy accessible, and a very short distance Medford, Cherry Hill, and Shore Points, and State Parks. Conveniently located with easy access to Interstate 295, NJ Turnpike, AC Expressway, Garden State Parkway and Shore points, ...in addition to local Routes 206, 73, 70, 38.....and, the Ben Franklin, Walt Whitman, Burlington Bristol & Tacony bridges. Most important its a short distance to High End Medical Facilities, such as the highly rated Penn & Jefferson Institutions. Additionally ...close to many surrounding retailers, and other amenities such as Centerton Square right down the road on Route 38 where Wegmans, Costco, and many other Fast Food and high end restaurants and shops are. Minutes away from the Promenade Shopping Center, Cherry Hill & Moorestown Malls, and Center Philadelphia.

Property profile
Verified
Property type Commercial land
Year built 1950
Total area 768 SF
UPID US59-1441262
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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