200 S Route 73 S Berlin, NJ 08009
- Office buildings
- 1,628 SF
- 0.49 lot acres
Current Use by Public Records
- Office buildings
Property Details for 200 S Route 73 S
- Year built
- 1968
- Lot size
- 0.49 lot acres
- Property size
- 1,628 SF
- Zone code
- C-3
- Property type
- Office buildings
- APN
- 05 01210-0000-00007
- APU
- 501210000000007
Description
This meticulously maintained commercial office building enjoys a highly visible location on Route 73 in Berlin, New Jersey. The 0.49-acre lot provides ample parking for clients and staff. Recent upgrades include a new roof (2021), updated HVAC system (2018), new rear steps and a new alarm system (2023) with a transferable three-year contract. The interior boasts a fresh and modern aesthetic, featuring all new carpeting and paint throughout. The flexible floor plan includes a welcoming reception area with a fireplace, six private offices, a well-appointed kitchenette, and thoroughly updated bathrooms. A large, dry basement offers additional storage or workspace potential. The building presents exceptionally well from the street, benefiting from excellent landscaping. A minimum three-year lease is required. With landlord approval, the space could be divided to accommodate two separate tenants. The property is also available for purchase. This is an exceptional opportunity for a business seeking a well-maintained, highly visible location with convenient access from all directions.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $275,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $335,000
- 6.5%
- $370,000
- 7%
- $345,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $325,000
- Geo Method
- $400,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $365,000
- Retail
- $340,000
- Mixed-Use
- $335,000
- Hospitality
- $415,000
- Educational
- $355,000
- Residential Income
- $420,000
- Energy
- $395,000
- Income-Based Land
- $420,000
- Food Service
- $355,000
Location Insight
- Map
- Local Demand
- City
- Berlin
- County
- Camden
- State
- New Jersey
- Longitude
- -74.9245
- Latitude
- 39.7957
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA