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1602 Rt 70 Ave
Cherry Hill, NJ 08002
Retail Property For Sale


INVESTMENT HIGHLIGHTS
- Prime Route 70 frontage with 56,000+ daily vehicles
- Rear loading dock and ample surface parking
- Affluent 5-mile population with $120K+ average income
- 22,000 SF retail/showroom on 1.19-acre corner site
- Surrounded by top-tier national retailers and malls
- B2 zoning allows for diverse commercial uses
EXECUTIVE SUMMARY
Positioned along the high-traffic corridor of Route 70 in Cherry Hill Township, this 22,000 SF retail/showroom property offers a rare opportunity to acquire a prime commercial asset in one of South Jersey’s most dynamic retail submarkets. The property boasts 99 feet of frontage on Marlton Pike and 220 feet on Warren Avenue, ensuring exceptional visibility and accessibility. With a daily traffic count of over 56,000 vehicles, the site is ideally suited for a wide range of retail or showroom uses.
The building features a single-story layout with a rear loading dock, enhancing operational efficiency for logistics and deliveries. The 1.19-acre parcel is zoned B2 (Highway Business), allowing for a variety of commercial uses. A generous surface parking lot provides a 5.00/1,000 SF parking ratio, accommodating customer and employee needs with ease.
Surrounded by a robust mix of national retailers and shopping centers—including Cherry Hill Mall, Wegmans, Whole Foods, Macy’s, and The Home Depot—the property benefits from strong co-tenancy and a dense consumer base. Within a five-mile radius, the area supports over 318,000 residents and 176,000 employees, with an average household income exceeding $120,000, underscoring the location’s retail potential.
This is a compelling investment opportunity for owner-users or investors seeking a high-exposure asset in a thriving suburban market with excellent demographics and infrastructure.
The building features a single-story layout with a rear loading dock, enhancing operational efficiency for logistics and deliveries. The 1.19-acre parcel is zoned B2 (Highway Business), allowing for a variety of commercial uses. A generous surface parking lot provides a 5.00/1,000 SF parking ratio, accommodating customer and employee needs with ease.
Surrounded by a robust mix of national retailers and shopping centers—including Cherry Hill Mall, Wegmans, Whole Foods, Macy’s, and The Home Depot—the property benefits from strong co-tenancy and a dense consumer base. Within a five-mile radius, the area supports over 318,000 residents and 176,000 employees, with an average household income exceeding $120,000, underscoring the location’s retail potential.
This is a compelling investment opportunity for owner-users or investors seeking a high-exposure asset in a thriving suburban market with excellent demographics and infrastructure.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
21,923 SF
Building Class
B
Year Built
2007
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.88
Lot Size
0.57 AC
Parking
70 Spaces (3.19 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Freeway Visibility
- Signage
PROPERTY TAXES
| Parcel Number | 09-00139-01-00008 | Improvements Assessment | $1,060,700 |
| Land Assessment | $378,800 | Total Assessment | $1,439,500 |
PROPERTY TAXES
Parcel Number
09-00139-01-00008
Land Assessment
$378,800
Improvements Assessment
$1,060,700
Total Assessment
$1,439,500
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