Log In/Sign Up
Your email has been sent.
2348 Route 70 W - Development Site 5.5 Acres of Commercial Land Offered at $5,500,000 in Cherry Hill, NJ 08002
EXECUTIVE SUMMARY
• This property is being marketed for a land sale with approvals for two hotel and restaurant pad. It can be sold as a development site for other uses.
• The hotels are not yet built; however, all necessary approvals from both the Township and the State have already been obtained for the construction of a
Hampton Inn by Hilton (120 rooms) and a Residence Inn by Marriott (131 rooms), plus a 4,250 sq. ft. restaurant pad
• The property is located in the Cherry Hill Redevelopment Area 5: Western Gateway Phase II district
• 5-year property tax abatement is approved; the restaurant pad is eligible for a liquor license
• Convenient location near major shopping centers, Philadelphia International Airport, and major highways
• The hotels are not yet built; however, all necessary approvals from both the Township and the State have already been obtained for the construction of a
Hampton Inn by Hilton (120 rooms) and a Residence Inn by Marriott (131 rooms), plus a 4,250 sq. ft. restaurant pad
• The property is located in the Cherry Hill Redevelopment Area 5: Western Gateway Phase II district
• 5-year property tax abatement is approved; the restaurant pad is eligible for a liquor license
• Convenient location near major shopping centers, Philadelphia International Airport, and major highways
PROPERTY FACTS
| Price | $5,500,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| Sale Condition | Redevelopment Project | Total Lot Size | 5.50 AC |
| No. Lots | 1 | No. Stories | 1 |
| Property Type | Land | ||
| Zoning | B4 | ||
| Price | $5,500,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 5.50 AC |
| No. Stories | 1 |
| Zoning | B4 |
1 LOT AVAILABLE
Lot
| Price | $5,500,000 | Lot Size | 5.50 AC |
| Price Per AC | $1,000,000.00 |
| Price | $5,500,000 |
| Price Per AC | $1,000,000.00 |
| Lot Size | 5.50 AC |
PROPERTY TAXES
| Parcel Number | 09-00071-01-00002 | Improvements Assessment | $485,000 |
| Land Assessment | $1,223,000 | Total Assessment | $1,708,000 |
PROPERTY TAXES
Parcel Number
09-00071-01-00002
Land Assessment
$1,223,000
Improvements Assessment
$485,000
Total Assessment
$1,708,000
1 of 2
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
2348 Route 70 W - Development Site
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.