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1207 Route 40
Woodstown, NJ 08098
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Heavy daily traffic
- Value add investment opportunity
- Multi-use property
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,045 SF
Building Class
C
Year Built
1950
Price
$1,790,503 CAD
Price Per SF
$148.65 CAD
Cap Rate
6.48%
NOI
$115,939 CAD
Percent Leased
17%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
1.25 AC
Zoning
commercial - HC-3 (Highway Commercial) District; legal non-conforming use (single-family dwellings are not expressly permitted)
Parking
20 Spaces (1.66 Spaces per 1,000 SF Leased)
Frontage
209’ on ROUTE 40
AMENITIES
- Signage
- Kiosk/Cart Space
- Enclosed Mall
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 10-00040-0000-00018 | Improvements Assessment | $497,484 CAD |
| Land Assessment | $173,954 CAD | Total Assessment | $671,439 CAD |
PROPERTY TAXES
Parcel Number
10-00040-0000-00018
Land Assessment
$173,954 CAD
Improvements Assessment
$497,484 CAD
Total Assessment
$671,439 CAD
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