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177 S Centre St
Merchantville, NJ 08109
Retail Property For Sale
Investment Highlights
- 9,056 SF two-story masonry building on 0.72 AC
- 40 on-site parking spaces (4.42/1,000 SF ratio)
- High-visibility corner location at Center St & Chapel Ave
- Built 1959; well-maintained existing retail asset
Executive Summary
177 S Centre St presents a compelling opportunity to acquire a well-located, multi-tenant retail investment in the heart of Merchantville, New Jersey. The property consists of a 9,056 square foot, two-story masonry building situated on approximately 0.72 acres, offering strong visibility and accessibility at a prominent corner location.
The asset is currently multi-tenanted, featuring a diverse mix of retail and service-oriented occupants that contribute to stable in-place income. The building benefits from 40 on-site parking spaces,along with dual street frontage along both Chapel Avenue and Center Street.
The asset is currently multi-tenanted, featuring a diverse mix of retail and service-oriented occupants that contribute to stable in-place income. The building benefits from 40 on-site parking spaces,along with dual street frontage along both Chapel Avenue and Center Street.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,056 SF
Building Class
C
Year Built
1959
Price
$1,952,258 CAD
Price Per SF
$215.58 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.29
Lot Size
0.72 AC
Zoning
C - Commercial
Parking
40 Spaces (4.42 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Property Taxes
| Parcel Number | 24-00038-0000-00003 | Improvements Assessment | $472,028 CAD |
| Land Assessment | $181,699 CAD | Total Assessment | $653,728 CAD |
Property Taxes
Parcel Number
24-00038-0000-00003
Land Assessment
$181,699 CAD
Improvements Assessment
$472,028 CAD
Total Assessment
$653,728 CAD
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