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3201 Rt 38
Mount Laurel, NJ 08054
Office Property For Sale
EXECUTIVE SUMMARY
Rare opportunity to own an 8 Suite Professional Office Building on Route 38, in Mt. Laurel. It's strategically positioned next to the Larchmont Shopping Center, just past the traffic light with a very busy highway exposure, high visibility... and, easy access. There are 8 units, each with one restroom, of which three office suites are presently leased. This building has a full basement, with each suite having basement storage space, and four independent sump pumps. The condition of the overall building is above average. Everything in this complex meets or exceeds code. Each unit is independently metered. Each tenant pays for their own electric, cable and for a percentage of water and sewer. Presently an excellent opportunity to own, occupy or invest. Provides great visibility for signage. The location is a very short distance to many surrounding amenities such as the Centerton Square Shopping Center, Promenade Shopping Center, Cherry Hill & Moorestown Malls, many famous Restaurants, High End Shops, and close proximity to Center Philadelphia & Shore Points. Easy access and short distances to Route 70, 73, 38, & 206, Interstate 295, NJ Turnpike & Atlantic City Expressway. Owner willing to discuss any offers. Rent rolls and expenses, are available.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
8,000 SF
Building Class
B
Year Built
1986
Price
$1,075,000
Price Per SF
$134.38
Percent Leased
70%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,000 SF
Slab To Slab
10’
Building FAR
0.18
Lot Size
1.02 AC
Zoning
B
Parking
40 Spaces (5 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
PROPERTY TAXES
| Parcel Number | 24-00301-23-00026 | Improvements Assessment | $144,900 |
| Land Assessment | $605,100 | Total Assessment | $750,000 |
PROPERTY TAXES
Parcel Number
24-00301-23-00026
Land Assessment
$605,100
Improvements Assessment
$144,900
Total Assessment
$750,000
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