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2250 Chapel Ave W
Cherry Hill, NJ 08002
Rutgers Casualty Bldg · Office Property For Sale


INVESTMENT HIGHLIGHTS
- Prime Cherry Hill location near major highways
- Value-add or redevelopment opportunity
- Zoned for medical, daycare, assisted living
EXECUTIVE SUMMARY
2250 Chapel Avenue presents a compelling value-add or redevelopment opportunity in the heart of Cherry Hill, New Jersey. This ±29,311 square foot office building is strategically positioned between NJ Route 70 and NJ Route 38, just 6.5 miles from the Benjamin Franklin Bridge, offering seamless access to Philadelphia and the broader South Jersey region.
The property sits on a generous 3.36-acre parcel with 711 feet of frontage along Chapel Avenue, enhancing visibility and accessibility. Zoned O1 – Limited Office, the site supports a wide range of professional uses including medical offices, daycare centers, assisted living facilities, and other institutional or service-oriented tenants. With ±155 surface parking spaces, the asset is well-equipped to support high-traffic operations.
Currently 91% leased, the building generates excellent in-place cash flow while offering upside through lease-up of remaining space or repositioning. The surrounding area is a vibrant commercial corridor with proximity to major retail centers, restaurants, hotels, and corporate office parks. Demographics within a 1-mile radius show a household income of $118,210, rising to $116,840 within 3 miles, underscoring the area's affluence and stability.
This offering is ideal for investors seeking stable income with future redevelopment potential or owner-users looking to establish a presence in a prime South Jersey location.
The property sits on a generous 3.36-acre parcel with 711 feet of frontage along Chapel Avenue, enhancing visibility and accessibility. Zoned O1 – Limited Office, the site supports a wide range of professional uses including medical offices, daycare centers, assisted living facilities, and other institutional or service-oriented tenants. With ±155 surface parking spaces, the asset is well-equipped to support high-traffic operations.
Currently 91% leased, the building generates excellent in-place cash flow while offering upside through lease-up of remaining space or repositioning. The surrounding area is a vibrant commercial corridor with proximity to major retail centers, restaurants, hotels, and corporate office parks. Demographics within a 1-mile radius show a household income of $118,210, rising to $116,840 within 3 miles, underscoring the area's affluence and stability.
This offering is ideal for investors seeking stable income with future redevelopment potential or owner-users looking to establish a presence in a prime South Jersey location.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Medical
Building Size
33,150 SF
Building Class
B
Year Built
1983
Price
$3,600,000
Price Per SF
$108.60
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
16,575 SF
Slab To Slab
10’
Building FAR
0.24
Lot Size
3.18 AC
Zoning
O1 - Limited office zone. Permits medical, daycare, assisted living, and other professional uses
Parking
180 Spaces (4.98 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Property Manager on Site
- Signage
PROPERTY TAXES
| Parcel Number | 09-00285-23-00001 | Improvements Assessment | $1,467,500 |
| Land Assessment | $1,075,200 | Total Assessment | $2,542,700 |
PROPERTY TAXES
Parcel Number
09-00285-23-00001
Land Assessment
$1,075,200
Improvements Assessment
$1,467,500
Total Assessment
$2,542,700
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