400 Fellowship RdMount Laurel Township, NJ 08054

  • Commercial real estate
  • 5.02 AC
For Lease
$22.50/SF/YR View listing

Property Details for 400 Fellowship Rd

Year built
1990
Lot size
5.02 AC
Property type
Commercial real estate
APN
24 01201- 04-00001- 03
APU
2401201040000103

Description

This exceptional two-story, Class B medical office building at 400 Fellowship Road in Mount Laurel Township, NJ (zip code 08054), offers 20,000 square feet of space. The property features one building with multiple suites, currently boasting 2,718 square feet of vacant space. Individual suites range from a minimum of 400 square feet to a maximum of 2,265 square feet, providing flexibility for various medical practices. The building is conveniently located off Route 73, providing easy access to I-295 and the New Jersey Turnpike. Recent renovations have enhanced the property's appeal, including upgrades to common areas, lobbies, restrooms, landscaping, parking, and building systems. A turnkey service is available to assist with relocation, design, and build-out. The building benefits from a highly visible location along Fellowship Road, allowing for prominent signage. The surrounding area offers a wealth of amenities, including restaurants, cafes, shopping centers, hotels, banks, and entertainment options. Abundant parking is available for tenants and their clients. This property presents a fantastic opportunity for medical professionals seeking a well-maintained, conveniently located office space in a thriving community. The building has elevators. The financially strong owner maintains an on-site presence.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $56,559,344
    Hospitality
    $51,808,056
    Educational
    $43,103,696
    Medical
    $44,586,096
    Retail
    $67,050,192

Location Insight

City
Mount Laurel
County
Burlington
State
New Jersey
Latitude
39.9413
Longitude
-74.953
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$79,576
-
-
$2,628,000
-
$1,252,100
$1,539,400
$2,791,500

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