487 Woodlane RdWestampton, NJ 08060

Property Details for 487 Woodlane Rd

Lot size

1.00 AC

Property type

Gas stations

APN

37 00301- 06-00001

APU

37003010600001

Description

This exceptional commercial property in Westampton, New Jersey, presents a lucrative investment opportunity. Located at 487 Woodlane Rd, 08060, this 1-acre lot boasts a prime corner location at a major intersection with a traffic light, ensuring high visibility and accessibility. Currently operating as a 100% occupied auto shop, the single-story, 2,000-2,500 square foot building sits within a thriving commercial area, surrounded by national retailers including Walgreens, Family Dollar, Dunkin', Subway, CVS, and Wawa. The property is zoned COMM and offers a gross lease with a zero-year remaining term, presenting a blank slate for future development or continued operation. Its strategic location near I-295 provides easy access for customers and employees. This is an ideal opportunity for investors seeking a strong return or entrepreneurs looking to establish a business in a high-traffic area. The property is offered at $309,850. This is a rare chance to acquire a well-positioned commercial property in a bustling retail environment.

• CAP approach

  CAP return

  Valuation

  6%

  $11,833,666

  6.5%

  $10,923,384

  7%

  $10,143,143

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,342,705

  Geo Method

  $14,342,705

• Alternative Use

  Use

  Valuation

  Residential

  $9,214,283

  Hospitality

  $8,440,234

  Educational

  $7,022,176

  Medical

  $7,263,679

  Retail

  $10,923,384

Location Insight

City

Westampton

County

Burlington

State

New Jersey

Latitude

40.0247

Longitude

-74.8566

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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