215-588-8800
515 Grove St, Haddon Heights, NJ for Sale
Office - FOR SALE
1/4
null | 10% Cap Rate

515 Grove St
Haddon Heights, NJ 08035


HIGHLIGHTS

  • Positioned on White Horse Pike with 23,000+ daily vehicles.
  • 80% leased with 10 tenants and recent anchor renewal.
  • Projected 2025 NOI of $359,787.58 with 10% cap rate.
  • Less than 2 miles to PATCO station and near I-295/NJ Turnpike.
  • Serves affluent markets with average household income over $120K.
  • Strong population density with 303,000+ residents within 3 miles.

OVERVIEW

Grove Office Plaza presents a compelling opportunity to acquire a stabilized, income-producing office asset in the heart of South Jersey’s affluent suburban corridor. Comprising ±43,866 square feet across two buildings on 1.42 acres, the property is 80% leased to a diverse mix of ten tenants, including a recently renewed anchor tenant with a 7-year commitment as of October 2025. The asset delivers a strong 10% cap rate and a projected 2025 NOI of $359,787.58, supported by a weighted average lease term of 6.7 years. Strategically positioned along White Horse Pike (Route 30), the site benefits from daily traffic counts exceeding 23,000 vehicles and is less than two miles from the Haddonfield PATCO station, offering direct transit access to Philadelphia. Immediate connectivity to I-295 and the NJ Turnpike enhances regional accessibility to Camden, Cherry Hill, and the broader Philadelphia metro. The surrounding area boasts a robust population base of over 303,000 within a 3-mile radius and average household incomes exceeding $120,000, underscoring the location’s economic vitality. This mid-rise Class B office asset serves the Collingswood, Haddonfield, and Cherry Hill markets, making it an ideal acquisition for investors seeking stable cash flow, long-term tenancy, and proximity to high-demand suburban communities.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

10%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grove Office Plaza

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

150

LAND DETAILS

LAND ACRES

1.42 AC

LAND SF

61,855 SF

ZONING

4A

APN/PARCEL ID

18-00038-0000-00003

ASK ABOUT THIS PROPERTY

Jason WolfWolf Commercial Real Estate L.L.C.More Info
215-588-8800

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Jason WolfWolf Commercial Real Estate L.L.C.More Info
215-588-8800

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