124 N 3rd St 720 SF Retail Building Camden, NJ 08102 $239,000 ($331.94/SF)

Available now for potential commercial investors and small business owners, 124 N. 3rd Street is ideally located in the heart of Downtown Camden directly adjacent to the Rutgers-Camden campus and student housing, the historic Cooper-Grant Neighborhood, and the burgeoning Market Street commercial strip and Camden Special Services District. This is a rare opportunity to start your business in the most desirable section of Downtown Camden at a fully renovated, turn-key property with a low price of entry. The property is located 1.5 blocks from the NJ Transit Riverline station, 3 blocks to the City Hall PATCO station, and 4 blocks from the Ben Franklin Bridge Walkway. It is a short walk to the new waterfront businesses, universities, city/county government, courts, and hospitals in the area as well.

The property is located next to a long-established retail business and is located within sight of several new apartment buildings such as the Castle Apartments, Pierre Apartment Building, Victor Lofts, and 11 Cooper. The property recently received a full gut and legally permitted renovation including but not limited to new insulation, drywall, trim, framing, flooring, roof, commercial door/windows, fire and security alarm, ultra-efficient on-demand water heater and heat pump HVAC system, bathroom, led lighting, and bilco doors to the basement. The property is set up with electric service, water service, and gas though currently it only uses electricity for its appliances.

The property recently won a property tax appeal bringing the total annual property taxes under $2,500 a year.

The property is zoned University District commercial which permits a wide variety of potential 1st floor commercial use such as office space or retail/ non-profit uses. There is a clean and dry, cement-floored basement which provides an additional 300 square feet of storage and supply space. This area of the city is included as an Urban Enterprise Zone which may open potential business owners to future grant opportunities such as the Downtown Improvement Matching Grant Program to improve the building's facade. The property is currently leased to tenants operating an approved CBD wellness retail store. This CBD wellness business is also for sale separately from the property and could be optionally purchased in addition to the building if desired subject to negotiations with the tenants.