782-798 Emerson St - Freestanding FOR SALE


Lindenwold, NJ 08021
$3,000,000 USD
856-912-2777
782-798 Emerson St, Lindenwold, NJ for Sale
$3,000,000 USD
Freestanding - FOR SALE
1/13
null | 6.91% Cap Rate

782-798 Emerson St
Lindenwold, NJ 08021


HIGHLIGHTS

  • A neighborhood shopping plaza with over 60 years of continuous operation, situated within a densely populated residential community.
  • Improved with a 13,000 SF retail building on approximately one acre, offering frontage along Emerson Avenue and ample surface parking.
  • Features a well-established tenant mix that includes a laundromat, convenience store, tobacco shop, Chinese restaurant, deli, and Spanish grocery.
  • Located opposite a similarly sized shopping center, fostering complementary retail activity and steady consumer foot traffic.
  • Provides approximately 60 on-site parking spaces and prominent pylon signage at a signalized intersection for easy accessibility and visibility.
  • The property lies within an Opportunity Zone, creating the potential for favorable tax incentives for qualified investors.

OVERVIEW

A well-established neighborhood shopping plaza with over 60 years of operating history in Lindenwold, NJ is being offered for sale. The property is situated on approximately 1 acre and is improved with a 13,000 SF retail building configured into seven (7) units. A Mexican restaurant has recently joined the tenant mix, and all seven units are now fully leased. The property generates over $200,000 in annual net operating income (NOI), representing an approximately 7% capitalization rate based on the asking price. The property is strategically located within a densely populated residential area, providing a stable customer base and strong appeal to local retail and service-oriented tenants. Additionally, the presence of a similarly sized shopping center directly across the street enhances foot traffic and creates synergistic retail activity. The current tenant mix includes an established laundromat, tobacco shop, convenience store, Chinese restaurant, deli, Spanish grocery store, and Mexican restaurant. This diverse tenant mix contributes to stable in-place income and strong, consistent demand from the surrounding community.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$231 USD /SF

CAP RATE

6.91%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

47

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

B1; Lindenwold, Boro

APN/PARCEL ID

22-00134-01-00010

ASK ABOUT THIS PROPERTY

Jacob SeoRealty MarkMore Info
856-912-2777

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

Jacob SeoRealty MarkMore Info
856-912-2777

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