511 Route 168Blackwood, NJ 08012
- Office properties
- 12,000 SF
Property Details for 511 Route 168
- Year built
- 1998
- Construction
- METAL FRAME
- Lot size
- 1.22 AC
- Property size (Sq ft)
- 12,000 SF
- Zone code
- HC
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 18 00216-0000-00010- 01
- APU
- 180021600000001001
Description
This exceptional 12,000-square-foot building in Blackwood, NJ, presents a unique opportunity for businesses seeking versatile space. Situated on a 1.22-acre lot, the property boasts a compelling blend of modern office and warehouse functionality. The building features 4,000 square feet of meticulously designed office space, including eleven private glass offices, a substantial conference/training room, a large open office area (suitable for a showroom), and an additional glass conference room. A convenient break area/coffee bar completes the office amenities. The expansive 8,000-square-foot warehouse area includes pallet racking, enhancing storage efficiency. Access is facilitated by three overhead doors – two with loading dock access and one with a drive-up ramp and outdoor staging area. Further enhancing the property's potential is a 2,000-square-foot raised and fenced-in pad at the rear, ideal for exterior storage or potential expansion, increasing the building's footprint to approximately 14,000 square feet. The entire building features 24-foot ceilings, a comprehensive sprinkler system, a security alarm, and a surveillance system. Ample parking is provided with approximately 47 spaces. The building is ready for immediate occupancy, offering a seamless transition for the new owner. Furniture may be included in the sale. Priced at $1,849,000.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $3,467,986
- 6.5%
- $3,201,218
- 7%
- $2,972,559
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,567,920
- Geo Method
- $1,567,920
-
Alternative Use
- Use
- Valuation
- Residential
- $3,969,510
- Hospitality
- $3,636,050
- Educational
- $3,025,150
- Medical
- $3,129,190
- Retail
- $4,705,790
Location Insight
- City
- Blackwood
- County
- Gloucester
- State
- New Jersey
- Latitude
- 39.7726
- Longitude
- -75.0526
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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