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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
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
Property Taxes
| Parcel Number | 09-00284-02-00006 | Improvements Assessment | $139,700 |
| Land Assessment | $244,000 | Total Assessment | $383,700 |
Property Taxes
Parcel Number
09-00284-02-00006
Land Assessment
$244,000
Improvements Assessment
$139,700
Total Assessment
$383,700
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Presented by
2435 Rt-38
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