1602 Rt 70 Ave - Freestanding FOR SALE


Cherry Hill, NJ 08002- Cherry Hill/Haddonfield
$3,000,000 USD
215-850-3304
1602 Rt 70 Ave, Cherry Hill, NJ for Sale
$3,000,000 USD
Freestanding - FOR SALE
1/2
null | Request Cap Rate

1602 Rt 70 Ave
Cherry Hill, NJ 08002
Cherry Hill/Haddonfield


HIGHLIGHTS

  • Prime Route 70 frontage with 56,000+ daily vehicles
  • 22,000 SF retail/showroom on 1.19-acre corner site
  • Rear loading dock and ample surface parking
  • Surrounded by top-tier national retailers and malls
  • Affluent 5-mile population with $120K+ average income
  • B2 zoning allows for diverse commercial uses

OVERVIEW

Positioned along the high-traffic corridor of Route 70 in Cherry Hill Township, this 22,000 SF retail/showroom property offers a rare opportunity to acquire a prime commercial asset in one of South Jersey’s most dynamic retail submarkets. The property boasts 99 feet of frontage on Marlton Pike and 220 feet on Warren Avenue, ensuring exceptional visibility and accessibility. With a daily traffic count of over 56,000 vehicles, the site is ideally suited for a wide range of retail or showroom uses. The building features a single-story layout with a rear loading dock, enhancing operational efficiency for logistics and deliveries. The 1.19-acre parcel is zoned B2 (Highway Business), allowing for a variety of commercial uses. A generous surface parking lot provides a 5.00/1,000 SF parking ratio, accommodating customer and employee needs with ease. Surrounded by a robust mix of national retailers and shopping centers—including Cherry Hill Mall, Wegmans, Whole Foods, Macy’s, and The Home Depot—the property benefits from strong co-tenancy and a dense consumer base. Within a five-mile radius, the area supports over 318,000 residents and 176,000 employees, with an average household income exceeding $120,000, underscoring the location’s retail potential. This is a compelling investment opportunity for owner-users or investors seeking a high-exposure asset in a thriving suburban market with excellent demographics and infrastructure.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$137 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

25,003 SF

ZONING

-

APN/PARCEL ID

09-00139-01-00008

ASK ABOUT THIS PROPERTY

Todd SussmanColliersMore Info
215-850-3304

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Todd SussmanColliersMore Info
215-850-3304

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