For Sale
$294,500

353 Nj-70 Medford, NJ 08055

High-traffic, versatile Medford office space.

Overview

Added:
Dec 11, 2024
Days on market:
136
This 1,356 sq ft commercial property, located at 353 Route 70 in Medford, NJ (08055), is offered at $294,500 with an 11.54% cap rate and a strong NOI of $34,000. Currently operating as a dental office with four chairs, the property boasts high visibility and traffic volume (25,000-45,000 vehicles daily) due to its prime location on Route 70 at a lighted intersection. The building, constructed in 1960, features a reception area, administration offices, a restroom, and a large open dental area, easily adaptable to various medical or office uses. The 0.69-acre lot includes 8 parking spaces and a shed. Recent upgrades include HVAC, ductwork, furnishings, and a security system

Highlights

  • Excellent investment opportunity with owner-occupancy potential.
  • High-traffic location with strong visibility.
  • Modern amenities and finishes throughout.
  • Strong tenant base with long-term leases.
  • Below market capitalization rate.

Property Details for 353 Nj-70

Property type
Day care centers & nurseries, Retail properties
Square Feet
1,356 SF
Class
C
Year Built
1960
Lot Size (sq. ft)
30,056 SF

Location Insight

City
Medford
County
Burlington
State
New Jersey
Latitude
39.898798
Longitude
-74.7885071

FAQs

What type of property is this?
Day care center & nursery - High-traffic, versatile Medford office space.
Where is the day care center & nursery located?
The property is located at 353 Nj-70 Medford, NJ.
What is the asking price?
The asking price for this property is $294,500.
What are key features of this property?
This property features: Excellent investment opportunity with owner-occupancy potential.; High-traffic location with strong visibility.; Modern amenities and finishes throughout.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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353 Nj-70
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