3201 Route 38 Mount Laurel, NJ 08054
Property Lookup
Property profile & analytics
3201 Route 38 Mount Laurel, NJ 08054
- Commercial real estate
- 1.02 lot acres
Property ID
US59-1114366
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 3201 Route 38
- Lot size
- 1.02 lot acres
- Property type
- Commercial real estate
- APN
- 24 00301- 23-00026
- APU
- 24003012300026
Description
This exceptional investment opportunity presents a fee-simple ownership chance for an eight-suite professional office building situated at 3201 Route 38 in Mount Laurel Township, New Jersey. The 8,000 square foot, two-story Class B building, constructed in 1987, sits on a 1.02-acre lot and boasts 35 parking spaces. Currently, 60% occupancy (five of eight units) is projected to reach full occupancy by July 9, 2024. Each of the eight units features a private restroom and basement storage. The building is independently metered for electricity, cable, and a portion of water and sewer costs, ensuring efficient utility management. The property benefits from high visibility due to its location on Route 38, adjacent to the Larchmont Shopping Center, and enjoys easy access to major roadways including Routes 70, 73, 38, and 206, Interstate 295, the NJ Turnpike, and the Atlantic City Expressway. Its prime location offers proximity to numerous amenities, including the Centerton Square Shopping Center, Promenade Shopping Center, Cherry Hill and Moorestown Malls, and a variety of restaurants and shops. The asking price is $1,150,000, translating to $143.75 per square foot. The property is zoned COM and features a full basement. This presents a compelling opportunity for owner-occupancy or investment, offering strong potential for rental income and appreciation. The building's condition is above average, and all aspects meet or exceed code.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Mount Laurel
- County
- Burlington
- State
- New Jersey
- Longitude
- -74.8825
- Latitude
- 39.9704
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$31,964
$605,100
$144,900
$750,000
-
$605,100
$144,900
$750,000
