3143 Fire Rd Egg Harbor Township, NJ 08234

Property Details for 3143 Fire Rd

Lot size

0.91 lot acres

Zone code

RCD

Property type

Commercial real estate

APN

08 02303-0000-00007

APU

802303000000007

Description

This exceptional investment opportunity presents the Bon-Ton Plaza, an 8,731 square foot multi-tenant retail storefront located at 3143 Fire Road in Egg Harbor Township, New Jersey. The property, built in 1992, sits on a 0.91-acre lot and boasts a strong 6.51% cap rate with a current NOI of $123,772. Currently housing six tenants with 84.6% occupancy, this single-story building offers significant potential for future growth. Five of the six tenants have occupied the space for over a decade, demonstrating the location's enduring appeal. The property benefits from its strategic location, running parallel to the Garden State Parkway (60,000 vehicles per day), and its proximity to the AC Expressway (22,600 VPD) and Tilton Road (27,000 VPD), ensuring high visibility and substantial foot traffic. The asking price is $1,900,000. This presents a unique opportunity for an investor to acquire a well-established property with a proven track record and significant upside potential, including the possibility of converting leases to triple net to cover property taxes. The original builder has owned this property for over 30 years.