1808 Springdale Rd Cherry Hill, NJ 08003-2002
This exceptional Class A creative office space, located at 1808 Springdale Rd in Cherry Hill, NJ 08003, offers 3,100 square feet of versatile space in a prime location. Recently renovated in 2023, this former insurance office boasts nine separate staging areas, three full bathrooms, and three convenient entrances across three levels. The building, constructed in 1950, features a new roof, siding, carpet, paint, and hard material flooring. Exterior improvements include a new front porch balustrade and a rear deck with an accessible ramp. The property sits on a 14,641 square foot lot and includes 13 parking spaces. Its location at the busy intersection of Route 70 and Springdale Road offers easy access to I-295 and is directly across from a newly opened CVS Pharmacy. The upcoming widening of Route 70 is expected to further increase property value. The building's numerous windows provide ample natural light, and the lower level includes a setup for a small eating area. This property is zoned COMMERCIAL and is currently vacant, with an occupancy date of March 21, 2024. The asking price is $569,900 ($183.84/sq ft). The large, illuminated signpost is ready for your business signage. Consider the potential for co-working space to maximize rental income.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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