423 Commerce Ln Berlin Township, NJ 08091
- Industrial properties
- 14,700 SF
- 1.01 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 423 Commerce Ln
- Year built
- 1986
- Lot size
- 1.01 lot acres
- Property size
- 14,700 SF
- Zone code
- C2
- Property type
- Industrial properties
- APN
- 06 01201-0000-00006
- APU
- 601201000000006
Description
This exceptional industrial warehouse opportunity is located at 423 Commerce Lane in Berlin Township, New Jersey, 08091. The property, part of the Commerce Lane Business Park, offers a total of 73,410 square feet across multiple buildings, with 14,700 square feet currently available for lease. This specific building boasts seven convenient drive-in doors, significantly enhancing loading and unloading efficiency. The warehouse features a generous 15-foot ceiling height, providing ample vertical space for storage and operations. Power is supplied by a reliable 3-phase system, catering to the needs of various industrial businesses. The flexible C-2 Commercial Zoning allows for a wide range of potential uses, maximizing the property's versatility. Strategically situated off New Jersey Highway Route 73, via Commerce Lane, this location offers unparalleled access to major transportation arteries. It's just minutes away from the NJ Turnpike, I-295, Route 30, Route 38, and Route 70, providing seamless connectivity to Philadelphia and beyond. The available space ranges from 2,100 to 14,700 square feet, making it suitable for businesses of varying sizes. This prime location and versatile space present a compelling opportunity for businesses seeking efficient and well-connected warehouse facilities in a thriving New Jersey market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,195,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,005,000
- 6.5%
- $1,000,000
- 7%
- $1,150,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $995,000
- Geo Method
- $1,185,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,080,000
- Retail
- $975,000
- Mixed-Use
- $1,090,000
- Hospitality
- $1,125,000
- Educational
- $1,210,000
- Residential Income
- $1,130,000
- Energy
- $925,000
- Income-Based Land
- $1,000,000
- Food Service
- $1,140,000
Location Insight
- Map
- Local Demand
- City
- West Berlin
- County
- Camden
- State
- New Jersey
- Longitude
- -74.9265
- Latitude
- 39.8107
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
