414 Stokes RdMedford, NJ 08055

This three-story, 3,300 square foot office building in Medford, NJ, presents a unique investment opportunity. Located on heavily trafficked Stokes Road, the property boasts high visibility and offers 11 units with 30% current occupancy, generating a net operating income (NOI) of $19,800 and a 4.17% cap rate. Built in 1900 and renovated in 1978, the building sits on a 0.52-acre lot and includes 20 parking spaces. The property is zoned CC, allowing for a variety of uses including office, medical, and retail. The asking price is $474,900, translating to $143.91 per square foot. The building is currently owner-occupied, with a lease type of Net and credit-rated tenants. The sale includes 100% ownership and allows for a quick closing. This prime location offers easy access to major roadways, including Routes 70 and 206, providing convenient access to Philadelphia, Atlantic City, and the Jersey Shore. The property is ideal for owner-occupancy or continued rental income generation, presenting a compelling opportunity for investors seeking a strong return in a desirable location. The building's historical charm combined with its modern functionality makes it a truly unique investment prospect.