353 Rte 70 Medford, NJ 08055-9583
This 1,356 sq ft commercial property in Medford, NJ, sits on a 0.69-acre lot at a highly visible, lighted intersection on Route 70, experiencing 25,000-45,000 vehicles daily. Currently configured as a dental office with four chairs (month-to-month lease), it's easily adaptable to various uses including retail, professional offices, or medical practices. The layout includes a reception area, administration offices, restrooms, and a large open area. Recent upgrades include HVAC, ductwork, furnishings, and a security system. The roof is approximately 12 years old. A shed is present on the property. The property features two ingress/egress driveways, a septic system, and a private well. It's being sold "AS IS," with the seller obtaining necessary certificates of compliance (if required). The property offers 1280 sq ft of potential retail space and 800 sq ft of warehouse/work area. Its prime location provides excellent access to major roadways including I-295, Routes 38, 206, 73, 70, the PA & NJ Turnpikes, and the Atlantic City Expressway, placing it within easy reach of Philadelphia, the Jersey Shore, and New York City. Nearby amenities include numerous restaurants, medical facilities, and major shopping centers. The high visibility and traffic volume make this a unique investment opportunity.
HM Highway Management Zone. [ Ord. No. 2004-16 § 1; Ord. No. 2004-17 § 1; Ord. No. 2004-26 § 1; Ord. No. 2007-19 ] A. Purpose. This district is located along Route 70. It is established to recognize the existing commercial pattern which is rural - agricultural and essentially undeveloped and the current problems caused by traffic congestion including the fai…
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
HM · Medford, NJHM Highway Management Zone. [ Ord. No. 2004-16 § 1; Ord. No. 2004-17 § 1; Ord. No. 2004-26 § 1; Ord. No. 2007-19 ] A. Purpose. This district is located along Route 70. It is established to recognize the existing commercial pattern which is rural - agricultural and essentially undeveloped and the current problems caused by traffic congestion including the failure of many Route 70 intersections and road segments within this district. The regulations to govern the district are intended to prohibit commercial activities that generate heavy traffic flows, which will compound the already existing traffic congestion. The regulations are also intended to promote a desirable visual environment that reflects the historic village character of the Medford Business Districts. B. Principal Permitted Uses on the Land and in Buildings. 1. All Uses permitted in the CC Community Commercial or RC Restricted Commercial Districts specified in Subsection 411.A of this ordinance. 2. Indoor and Outdoor Recreational Uses, such as health spas, gyms, tennis and racquetball courts and similar uses. 3. Fast Food Restaurants as Conditional Uses under N.J.S.A. 40:55D-67 (see § 602 for standards). 4. Car Washes as Conditional Uses under N.J.S.A. 40:55D-67 (see § 602 for standards) provided that the minimum required lot frontage is met on Route 70. 5. Continuing Care Retirement Communities (CCRC), subject to the provisions included in Subsection J herein, and only within the area of HM District outside of the jurisdiction of the Pinelands Comprehensive Management Plan (CMP). 6. Clustered Age-Restricted Housing with 60% Open Space Requirement, subject to the provisions included in Subsection K herein, and only within the area of HM District outside of the jurisdiction of the Pinelands Comprehensive Management Plan (CMP). 7. Assisted Living Housing Projects, subject to the provisions included in Subsection L herein, and located on tracts with at least three acres. 8. Community Residences for the Development Disabled, Community Shelters for Victims of Domestic Violence, Community Residences for Persons with Head Injuries and Community Residences for the Terminally Ill for up to 15 persons, subject to standards and requirements for single-family dwelling units located within this district. 9. Commercial nursery and/or landscape contracting on at least 10 acres of land. 10. Clubs or Lodges organized for Fraternal or social purposes, provided that the chief activity shall not be one which is customarily carried on as a business. 11.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
