519 Lakehurst Rd

Browns Mills, NJ 08015

About this property

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.

Features and Additional Information

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$1,170,000 Pending
12,800 SQFT

Presented By Century 21 Gold Key Realty

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Get in touch today! Phone: 1-302-369-5397
Brokerage
Realty Mark Advantage
1-856-457-4900
Listed By Jukab Seo
Brokerage: Realty Mark Advantage

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