$91.41 Per Sq Foot $6,281 est/mo Sourced by Back At You

519 Lakehurst Rd,Browns Mills, NJ 08015

Browns Mills NJ, 08015

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Description

Prime investment property. 2.0 ac with 12,800 sf strip center retail building and 14.7 ac wooded property in Browns Mill, NJ. There are 16 units with 65 parking spaces. Now 75% of occupancy but still the cap rate is 8.5%. When you make more tenants, your cap rate will be 10%. The tenants are a Pizza restaurant, a Chinses restaurant, a Laundromat, a Dry Cleaner, a Doctor's office, a Barbershop, an SPA, and churches. The property's soil contamination is currently undergoing treatment. If the issue persists after the sale, the seller plans to contribute a certain amount to the escrow. If the buyer commits to resolving this issue, negotiations on the price are possible.

Details

MLS#NJBL2057998
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year1978
Days On Site141
Listing Provided ByRealty Mark Advantage | Jukab Seo

Features

SQ Feet12,800
ZoningCOMMERCIAL
Acreage16.80

Market Activity 08015

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Learn More About This Property

StateNJ
CountyBurlington
CityBrowns Mills
Zip Code08015
AreaPemberton Twp
School DistrictPemberton Township Schools
Listing VS Median (in 08015)
Price:
$1,170,000
low | high
Med:
$295,000
100% of Average
SqFt:
12,800
low | high
Med:
1,345
100% of Average
$ / SqFt:
$91
low | high
Med:
$219
89.95170463572% of Average
On Site:
141
low | high
Med:
9.000000
100% of Average
Sourced by Back At You
Listing Updated: April 18, 2024 at 9:52:15 AM PDT
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