618 Stokes RdMedford, NJ 08055

  • Other commercial real estate
  • 2,241 SF
For Sale
$445,000 View listing

Property Details for 618 Stokes Rd

Year built
1947
Construction
FRAME
Lot size
0.46 AC
Property size (Sq ft)
2,241 SF
Zone code
CC
Property type
Other commercial real estate
APN
20 04801- 01-00020
APU
20048010100020

Description

This exceptional 3,320 square foot office building is ideally situated in Medford's thriving business district, offering versatile commercial/retail potential. The property boasts 11 rooms, including a spacious 1079 square foot basement providing ample storage. A striking foyer with double casement windows welcomes you, leading to a thoughtfully designed layout. The first floor features multiple offices of varying sizes, each with recessed lighting, solid wood doors, carpeting, and abundant natural light from numerous casement windows. A convenient kitchenette/office area is also included. Upstairs, a reception area flows into a well-appointed second floor with additional offices, including a sizable executive office with vaulted ceilings and skylights. Two powder rooms serve both floors. The basement offers five separate storage areas totaling 1079 square feet. The 0.46-acre lot provides convenient parking. This prime location on Stokes Road offers unparalleled access to major roadways including I-295, Routes 38, 206, 73, 70, the PA & NJ Turnpikes, and the Atlantic City Expressway, placing it within easy reach of Philadelphia (approximately 30 minutes), the Jersey Shore (under an hour), and New York City (90 miles). Proximity to major bridges, airports (Philadelphia International and Atlantic City International), and first-class medical facilities further enhances its desirability. The surrounding area features high-income developments, ensuring a strong and affluent demographic base. This is a rare opportunity to acquire a highly sought-after property in a premier business location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $578,745
    Hospitality
    $530,128
    Educational
    $441,060
    Medical
    $456,229
    Retail
    $686,093
618 Stokes Rd, Medford, New Jersey

Location Insight

City
Medford
County
Burlington
State
New Jersey
Latitude
39.8728
Longitude
-74.8125
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
$10,247
$168,000
$147,300
$315,300
-
$168,000
$147,300
$315,300

FAQs

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