501 TANSBORO RD Active Save Request In-Person Tour Request Virtual Tour
Berlin,NJ 08009
Key Details
Property Type Commercial
Sub Type Land for Commercial Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,059 sqft
Price per Sqft $245
MLS Listing ID NJCD2079864
Originating Board BRIGHT
Year Built 1988
Annual Tax Amount $13,067
Tax Year 2023
Lot Size 3.600 Acres
Acres 3.6
Property Description
A 4,000-square-foot commercial/retail building on 3.6 acres, located at the intersection of Tansboro and Taunton Roads in Winslow Township. It has the potential for an expansion of more than 2,000 square feet. New construction is underway near a residential complex with 142 single-family homes and 139 townhomes, and move-ins are expected to begin around next year. When that happens, the value of this property is likely to increase. Currently, this property houses a pizza shop, a convenience store, and a dry cleaner. One of these tenants is renting below market rate, and if adjusted to market rate upon renewal in 2026, a cap rate of approximately 7% could be achieved.
Location
State NJ
County Camden
Area Winslow Twp (20436)
Zoning PC3
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 20.0
Utilities Available Water Available,Sewer Available,Natural Gas Available,Electric Available,Phone,Cable TV Available
Water Access N
Roof Type Shingle
Accessibility None
Road Frontage Boro/Township
Total Parking Spaces 20
Garage N
Building
Foundation Concrete Perimeter
Sewer On Site Septic
Water Well
New Construction N
Schools
School District Winslow Township Public Schools
Others
Tax ID 36-01601-00014
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard