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3011 N Centre St 4,000 SF Retail Building Pennsauken, NJ 08109 $690,574 CAD ($172.64 CAD/SF) 8.48% Cap Rate



Investment Highlights
- Open floor plan
- Parking spaces, rear loading dock, latex paint booth, and music stage
- Front show room with rear workshop
Executive Summary
This exceptional commercial property, built in 1966 with sturdy block construction, features a paved 5 space parking area, private driveway, large rear yard, loading dock, 14' ceilings, 2 half baths, a music club performance stage area, and is currently split into a front showroom and rear mill workshop area with a latex paint booth complete with a professional commercial exhaust system. The front showroom half of the building features a basement, while the rear mill shop sits on a slab. The location's potential is amplified by the vibrant surrounding Pennsauken/Merchantville community, which is ripe for growth and development. Investors can leverage this opportunity to tap into a market that is increasingly in demand. This property is not just a building; it's a foundation for future success. With its solid construction, ample parking, and versatile outdoor space with potential waiting to be utilized, this commercial property stands as a promising investment that can yield significant returns. Whether you're looking to make your first investment, expand your portfolio, or need a location to operate your business from, this property offers the perfect blend of stability and potential. The property is being offered as-is and is located in a zoning area that allows for professional office use.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
4,000 SF
Building Class
C
Year Built
1966
Price
$690,574 CAD
Price Per SF
$172.64 CAD
Cap Rate
8.48%
NOI
$58,594 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.61
Lot Size
0.15 AC
Zoning
C - In a professional office zoning area.
Frontage
45’ on Centre St
Amenities
- Signage
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 27-05009-0000-00010 | Improvements Assessment | $354,116 CAD (2026) |
| Land Assessment | $108,633 CAD (2026) | Total Assessment | $462,749 CAD (2026) |
Property Taxes
Parcel Number
27-05009-0000-00010
Land Assessment
$108,633 CAD (2026)
Improvements Assessment
$354,116 CAD (2026)
Total Assessment
$462,749 CAD (2026)
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3011 N Centre St
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