708 Stokes RdMedford, NJ 08055

This exceptional 10,000-square-foot storefront property in Medford, New Jersey, presents a rare investment opportunity. Situated on a 0.77-acre lot, this Class B building boasts a prime location on Stokes Road, a major artery with a daily traffic count of 20,000-25,000 vehicles, ensuring high visibility and accessibility. Currently operating at 100% occupancy with a net rentable area of 10,000 square feet, the property is priced at $1,695,000, or $169.50 per square foot. Built in 1970 and renovated in 2009, including electrical updates and fixtures, the building features a flexible layout suitable for various commercial uses, permitted under the CC zoning. The property includes ample parking for 40+ vehicles, a significant advantage for businesses requiring substantial space. The building is currently configured as two units but can easily accommodate multiple tenants. Further enhancing its appeal, the property is completely solar-powered, reducing operating costs and promoting environmental sustainability. The roof boasts a 35-year warranty. Its strategic location offers easy access to major roadways including I-295, Routes 38, 70, 73, 206, the PA and NJ Turnpikes, and the Atlantic City Expressway, placing it within close proximity to Philadelphia, the Jersey Shore, and numerous shopping centers such as the Promenade, Moorestown Mall, and Cherry Hill Mall. The property is served by public sewerage and a private well. This is a truly unique opportunity to acquire a well-maintained, versatile commercial property in a thriving area with strong demographics and high household incomes averaging $125,748 annually. The property is being sold "as is."