775 Route 70Evesham, NJ 08053

Property Details for 775 Route 70

Year built

1986

Lot size

2.44 AC

Property size (Sq ft)

22,045 SF

Zone code

C-1

Property type

Commercial real estate

APN

13 00003-0000-00002- 01

APU

130000300000000201

Description

This single-story, 13,140 square foot medical office building in the Elmwood Business Park, located at 775 Route 70 East in Marlton, New Jersey (zip code 08053), offers multiple tenancy options. Currently, there is 10,067 square feet of vacant space available, divisible into units ranging from a minimum of 1,422 square feet to a maximum contiguous space of 4,000 square feet. Each suite boasts a private entrance, its own bathroom, and an independent HVAC system. The property is conveniently situated at the corner of Elmwood Road and Route 70, providing excellent visibility and accessibility. Ample parking is available for tenants and their clients. The building is located in Burlington County. This prime location presents a unique opportunity for medical practices seeking modern, well-appointed office space in a thriving community. The property is suitable for lease or sale as condo units. While some marketing materials mention units as small as 2,500 square feet, currently available spaces range from 1,422 to 4,000 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $7,025,050

  6.5%

  $6,484,660

  7%

  $6,021,470

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,880,400

  Geo Method

  $2,880,400

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $12,303,000

  Retail / Commercial

  $6,399,700

  Mixed-Use / Specialty

  $6,448,440

  Hospitality / Lodging

  $4,824,180

  Office

  $6,484,660

  Institutional / Educational

  $6,729,350

  Residential Income

  $7,873,340

  Multifamily

  $9,046,170

  Automotive / Energy

  $5,768,020

  Parking / Income-Based Land

  $1,919,780

  Restaurant / Food Service

  $3,506,600

  Healthcare / Senior Housing

  $6,539,370

Location Insight

City

Marlton

County

Burlington

State

New Jersey

Latitude

39.8964

Longitude

-74.9399

CBSA code

37980

CBSA name

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

Property Tax & Assessments

FAQs

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