501 Tansboro Rd Berlin, NJ 08009

Property Details for 501 Tansboro Rd

Year built

1988

Lot size

3.60 lot acres

Property size

4,059 SF

Zone code

PC3

Property type

Commercial real estate

APN

36 01601-0000-00014

APU

3601601000000014

Description

This exceptional commercial property, situated at 501 Tansboro Road in Berlin, New Jersey, presents a compelling investment opportunity. The 4,059-square-foot building sits on a sizable 3.6-acre lot at the strategic intersection of Tansboro and Taunton Roads in Winslow Township. Currently occupied by a diverse mix of tenants including a pizza shop, convenience store, and dry cleaner, the property offers immediate income generation. One tenant is currently operating below market rent, presenting a significant opportunity to increase profitability upon lease renewal in January 2027. Projecting this adjustment to market rates, a cap rate of approximately 7% is achievable. The property's potential extends beyond its current occupancy. The building allows for expansion of over 2,000 square feet, catering to future growth and tenant needs. Furthermore, the property benefits from its location near a substantial new residential development. This development, comprising 142 single-family homes and 139 townhomes, is nearing completion with move-ins anticipated within the next year. This influx of new residents will significantly increase foot traffic and demand, driving up property value and rental income. This combination of existing income, expansion potential, and proximity to a burgeoning residential community makes this a truly unique and promising investment. The asking price is $995,000.