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Listed by Bryant Lafferty • RE/MAX Preferred - Cherry Hill
$965,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID NJCD2124308
Year Built 2004
Annual Tax Amount $18,700
Tax Year 2025
Property Sub-Type Industrial
Source BRIGHT
Property Description
This commercial property, originally constructed in 2004, is poised for a significant transformation in 2024, presenting a compelling investment opportunity for discerning investors. With a robust foundation built from durable block and brick materials, this property is well-positioned to benefit from the upcoming renovations that will enhance its value and appeal in the competitive real estate market.1. : The planned renovations are designed to modernize the property, improving both aesthetic appeal and functionality. Investors can anticipate an increase in property value post-renovation, driven by enhanced features and updated amenities that align with current market demands.2. : With the renovations, the property is expected to attract higher-quality tenants, leading to increased rental rates. This potential for elevated cash flow makes it an attractive option for investors seeking to maximize their return on investment.3. : The commercial real estate market continues to show resilience and growth potential. By investing in this property, stakeholders can capitalize on the increasing demand for modern commercial spaces, particularly in areas undergoing revitalization.4. : Properties that undergo significant renovations typically experience substantial appreciation in value. This investment not only promises immediate returns through enhanced rental income but also positions the property for long-term capital gains.5. : While specific green features are not currently listed, the renovation plans can incorporate energy-efficient systems and sustainable materials, appealing to environmentally conscious tenants and potentially reducing operational costs.6. : The property's design allows for various commercial applications, providing flexibility in tenant selection and usage. This adaptability can further enhance the investment's attractiveness, catering to a diverse range of businesses. : This property represents a unique opportunity for investors looking to engage in a high-potential renovation project. With a solid structural foundation and a strategic renovation plan set for 2024, the potential for increased rental income and long-term appreciation is significant. Investors are encouraged to consider the myriad benefits this property offers as they evaluate their next investment opportunity.
Location
State NJ
County Camden
Area Berlin Twp (20406)
Zoning C2
Interior
Hot Water Electric
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 12.0
Water Access N
Roof Type Asbestos Shingle
Accessibility 2+ Access Exits, >84\" Garage Door
Total Parking Spaces 12
Garage N
Building
Sewer Private Sewer
Water Public
New Construction N
Schools
School District Pine Hill Borough Board Of Education
Others
Tax ID 06-01002-00001 02-C0801
Ownership Condominium
Special Listing Condition Standard
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Nearby School & Business
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