62 Berlin Rd Stratford, NJ 08084-1464

Property Details for 62 Berlin Rd

Year built

1969

Construction

FRAME

Lot size

1.02 lot acres

Property size

1,560 SF

Property type

Commercial real estate

APN

32 00052-0000-00013

APU

3200052000000013

Description

This exceptional 1.59-acre commercial land parcel in Stratford, New Jersey, presents a remarkable development opportunity. Ideally situated directly across from the NJ Transit/PATCO station (a one-minute drive or four-minute walk), this property offers unparalleled convenience and accessibility. The site is designated within a redevelopment zone, qualifying for attractive tax incentives, significantly enhancing the project's financial viability. Preliminary projections indicate the potential to construct between 60 and 70 apartments. Several housing options are feasible, including multi-story 55+ senior housing, workforce housing, and low/moderate-income apartments, catering to a diverse range of housing needs within the community. The location boasts proximity to numerous amenities, including Rowan University's School of Osteopathic Medicine, and a variety of retail establishments such as Target, Aldi, Wawa, and Dollar Tree, ensuring residents have easy access to essential services and conveniences. Given the significant demand for housing in this area, this property represents a compelling investment prospect for developers seeking to capitalize on the favorable location and tax incentives. The property is being offered for sale after entitlements. This is an exceptional opportunity to develop a thriving residential community in a highly desirable location.

Location Insight

City

Stratford

County

Camden

State

New Jersey

Longitude

-75.0007

Latitude

39.8315

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments