200 Route 73Berlin, NJ 08009

Property Details for 200 Route 73

Year built

1968

Lot size

0.49 AC

Property size (Sq ft)

1,628 SF

Zone code

C-3

Property type

Office properties

Property subtype

Office buildings

APN

05 01210-0000-00007

APU

501210000000007

Description

This meticulously maintained commercial office building enjoys a highly visible location on Route 73 in Berlin, New Jersey. The 0.49-acre lot provides ample parking for clients and staff. Recent upgrades include a new roof (2021), updated HVAC system (2018), new rear steps and a new alarm system (2023) with a transferable three-year contract. The interior boasts a fresh and modern aesthetic, featuring all new carpeting and paint throughout. The flexible floor plan includes a welcoming reception area with a fireplace, six private offices, a well-appointed kitchenette, and thoroughly updated bathrooms. A large, dry basement offers additional storage or workspace potential. The building presents exceptionally well from the street, benefiting from excellent landscaping. A minimum three-year lease is required. With landlord approval, the space could be divided to accommodate two separate tenants. The property is also available for purchase. This is an exceptional opportunity for a business seeking a well-maintained, highly visible location with convenient access from all directions.

• CAP approach

  CAP return

  Valuation

  6%

  $502,286

  6.5%

  $463,649

  7%

  $430,531

• Comparable approach

  Method

  Valuation

  Relative Method

  $212,714

  Geo Method

  $212,714

• Alternative Use

  Use

  Valuation

  Residential

  $574,925

  Hospitality

  $526,628

  Educational

  $438,148

  Medical

  $453,217

  Retail

  $681,564

Location Insight

City

Berlin

County

Camden

State

New Jersey

Latitude

39.7957

Longitude

-74.9245

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].