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Maya Felsenstein

maya@mayafelsensteingroup.com +1(561) 797-7899

$ 995,000

Est. payment -/mo

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Price Dropped by $155K

638--640 STOKES Medford, NJ 08055

6,250 SqFt

UPDATED:

11/12/2024 04:38 PM

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 6,250 sqft

Price per Sqft $159

MLS Listing ID NJBL2059526

Originating Board BRIGHT

Year Built 1979

Annual Tax Amount $27,039

Tax Year 2024

Lot Size 0.940 Acres

Acres 0.94

Lot Dimensions 0.00 x 0.00

Property Description

A rare opportunity to own two properties on Stokes Road in Medford. This is a Developer's Dream. Incredible opportunity for an investor, owner occupied, or developer to purchase one lot ….(which totals 41,077SF of land), .94 acres. The buildings are the last prime commercial site locations presently available…on Stokes Road..., and one of the most strategically based business districts in Medford Township. Previously known as Angelina Trattori, and,…. before then, the Lite Bite Restaurant....which are now vacant. The Primary Layout areas in the latter commercial building are included as follows: A. Cathedral Dining Room Front of Bldg. Est. 646 SF, B. Main Dining Room Area Est. 1,344 SF, C. Serving Area Est. 285 SF, D. Kitchen Area Est. 924 SF, E. Kitchen Expanded Area Est. 825 SF. There were three freezer & refrigeration areas, an office, entrance lobby, etc. The property could be completely rehabilitated or demolished to fit one's requirements…. or, the complete site could be developed. There's a wide range of professional or retail uses. (See Zoning Document). Additionally, any owner/purchaser could use the main commercial building and/or lease or occupy the residential house, which was a two-family rental property for additional income or, a live-in owner could possibly have a second business on the first floor. Many many options. Presently has a Well & Public Sewer, but public water is available. The main building is approximately 4500 SF and, the house is an estimated 1750 SF. Most important they are positioned near a high traffic volume Signalized intersection. The Traffic Count Average is over 20,000-25,000 vehicles a day. Excellent Dense and Affluent Demographics surrounded by high medium household income developments (Average $125,748.00). Superior Location and Access....it simply doesn't get any better. Zoned CC…..(Community Commercial) allows many retail and commercial uses....but, may need a variance depending upon the use. This is one of the last few commercial parcels for sale on Stokes Road in Medford. Close to first class medical facilities, and,....access to numerous points of interest. Simply stated, this parcel most certainly has High Visibility, High Traffic Volume, and is strategically located. Obviously these properties have significant key factors. 1. Strategic Location, 2. Exposure, 3. Visibility, 4. Convenience to other businesses and local communities, 5. Zoning Flexibility, 6. Parking, 7. Many amenities nearby…restaurants, high end shopping, medical facilities, etc. 8. Location to your clients & customers. Fantastic location for your existing or future new business. A very substantial benefit here is depending how you develop it, there is enough land, that one can plan for future growth. Medford’s accessibility is by I-295, & Routes 38, 206, 73, 70, PA & NJ Turnpikes, & the Atlantic City Expressway and, close proximity to center Philadelphia and Shore points. Within close proximity to the high-end Promenade Shopping center, and minutes away from the Cherry Hill & Moorestown Malls, the Marketplace at Garden State, and Centerton Square/Moorestown. It's approximately 30 minutes to center Philadelphia, about an hour's drive to the Jersey Beaches, and 1 hour+ to New York City, not to mention that it's centrally located in the Tri State area. A short drive to the Ben Franklin, Walt Whitman, Tacony-Palmyra Bridge or Burlington/Bristol Bridges connecting with I-95 & Bucks County. Easily accessible to the Philadelphia International Airport and Atlantic City's Int'l Airport. The property is being sold "AS IS", and,.. all inspections, certifications, and approvals are the responsibility of the buyer.

Location

State NJ

County Burlington

Area Medford Twp (20320)

Zoning GC

Interior

Hot Water Natural Gas

Heating Central

Cooling Central A/C

Flooring Tile/Brick

Heat Source Natural Gas

Exterior

Garage Spaces 50.0

Utilities Available Electric Available, Natural Gas Available, Cable TV Available, Above Ground

Water Access N

View Street

Roof Type Shingle

Accessibility Mobility Improvements

Road Frontage Boro/Township

Total Parking Spaces 50

Garage N

Building

Lot Description Backs to Trees, Cleared, Front Yard, Landscaping, Subdivision Possible, Other

Foundation Crawl Space

Sewer Public Sewer

Water Well

New Construction N

Schools

School District Medford Township Public Schools

Others

Tax ID 20-04801 01-00041 01

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

Financing Conventional,Cash

Special Listing Condition Standard

Listed by James L Moffa • Keller Williams Realty - Marlton

Maya Felsenstein

Agent | License ID: 1968412

+1(561) 797-7899 | maya@mayafelsensteingroup.com

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Maya Felsenstein

638--640 STOKES Medford, NJ 08055

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638--640 STOKES