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2435 Rt-38 2,500 SF Retail Building Cherry Hill, NJ 08002 $895,000 ($358/SF)

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INVESTMENT HIGHLIGHTS

  • Location
  • Flexible usage

EXECUTIVE SUMMARY

Fantastic location with over 200 feet of frontage on the highly trafficked Route 38. Adjacent businesses include: WaWa, Dunkin Donuts, McDonald's, Outback Steakhouse, Wendy's, Plaza 38, Church Road Plaza, Cross Roads Plaza, Interactive Kids, Woodland Falls Corporate Park, to name a few. Zoned B2, this flexible space could be successful as many different uses, for example: salon, spa, facial injections/surgery, dispensary, dental, medical, financial, cell phone, retail, specialty retail, recreation classes, child care, wellness, food service, real estate; limited to your imagination. Current build out contains: a large reception/waiting area, large showroom/general purpose area, ample stock room/storage areas, 4 large private consultation rooms or offices, 2 large public restrooms and work area with sink. New roof, new flooring, newer HVAC, recently paved parking lot with 15 spaces; adjacent 18 spaces. Last national tenant was Verizon; currently built out for general wellness use. AI Overview of the town of Cherry Hill: 30k households, Median Household Income $123,640. Nearby towns: Moorestown, Haddonfield, Mount Laurel, Marlton/Evesham, Voorhees, Pensauken & Collingswood.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,500 SF
Building Class
C
Year Built/Renovated
1955/2020
Price
$895,000
Price Per SF
$358
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.61 AC
Zoning
B2 - Highway Business District
Parking
30 Spaces (9.12 Spaces per 1,000 SF Leased)
Frontage
174’ on Route 38

AMENITIES

  • Bus Line
  • Freeway Visibility
  • Pylon Sign
  • Signage

NEARBY MAJOR RETAILERS

Outback Steakhouse
Olive Garden
LongHorn Steakhouse
Pat's Pizzeria
Silver Diner
Red Lobster
Bahama Breeze
Maggiano's Little Italy
Seasons 52
Saladworks

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
09-00284-02-00006
Land Assessment
$244,000
Improvements Assessment
$139,700
Total Assessment
$383,700
  • Listing ID: 35377999

  • Date on Market: 4/3/2025

  • Last Updated:

  • Address: 2435 Rt-38, Cherry Hill, NJ 08002

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