7500 Cres BlvdPennsauken Township, NJ 08109

  • Other commercial real estate
  • 7.94 AC
For Lease

Property Details for 7500 Cres Blvd

Construction
CONCRETE BLOCKS
Lot size
7.94 AC
Property type
Other commercial real estate
APN
27 06403-0000-00011
APU
2706403000000011

Description

Airport Circle Plaza, located at 7500 S Crescent Blvd in Pennsauken Township, New Jersey (zip code 08109), offers a unique retail opportunity. This outparcel, situated within a supermarket-anchored shopping center, features a former quick-service restaurant (QSR) space of 2,710 square feet complete with a drive-thru. An additional end-cap space of up to 10,074 square feet is also available. The property is part of a larger 35,947 square foot retail development with multiple tenancies. The site boasts excellent visibility and accessibility, with multiple curb cuts along Route 130 and Industrial Highway. This high-traffic area sees over 86,000 vehicles per day (VPD), making it ideal for a variety of businesses. The densely populated trade area offers a strong daytime population, ensuring a substantial customer base. Potential uses include fast food with a drive-thru, retail, convenience and gas, medical/dental services, restaurants, and liquor stores. This property presents a compelling investment opportunity in a thriving commercial location. The property is classified as Retail, Land, and Restaurant.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $121,844,168
    Hospitality
    $111,608,600
    Educational
    $92,857,048
    Medical
    $96,050,544
    Retail
    $144,444,304
7500 Cres Blvd, Pennsauken Township, New Jersey

Location Insight

City
Pennsauken
County
Camden
State
New Jersey
Latitude
39.9304
Longitude
-75.0813
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
2023
$162,184
$902,000
$2,898,000
$3,800,000
-
$902,000
$2,898,000
$3,800,000

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