1207 Route 40 - Freestanding FOR SALE


Woodstown, NJ 08098
$1,300,000 USD
856-287-2886
1207 Route 40, Woodstown, NJ for Sale
$1,300,000 USD
Freestanding - FOR SALE
1/15
null | 6.48% Cap Rate

1207 Route 40
Woodstown, NJ 08098


HIGHLIGHTS

  • Heavy daily traffic
  • Multi-use property
  • Value add investment opportunity

OVERVIEW

Now available for SALE: a +/- 9,000 square foot retail building plus residential home with detached garage on 1.26 acres located in Pilesgrove, NJ. The retail space is currently leased by a non-profit at a below market rate on a gross lease with the tenant assuming all responsibilities for property mainentance and utilities. The residential home is leased at market rate on an annual basis. In proximity to the intersection of Route 40 and Route 45, the property benefits from an average daily traffic count of approximately +/-14,000 vehicles, offering exceptional visibility and accessibility. The site features ample on-site parking and prominent signage opportunities along a well-traveled corridor. Set on a generous parcel, there is also an opportunity to purchase the neighboring farm (+/-26.36 acres). The total acreage offers an excellent opportunity for a future shopping center off of Route 40.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$108 USD /SF

CAP RATE

6.48%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

commercial

APN/PARCEL ID

10-00040-0000-00018

ASK ABOUT THIS PROPERTY

Corinne GilettoWarner Real Estate & Auction Co, Inc.More Info
856-287-2886

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Corinne GilettoWarner Real Estate & Auction Co, Inc.More Info
856-287-2886

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.