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Investment Highlights

  • Main Building with detached Garage and 1 bedroom apartment above garage
  • 2nd floor: 4 offices, 1 bathroom
  • 1st floor: 3 entrances, conference rom, kitchenette, 5 offices, 1 bathroom

Executive Summary

38 Cooper Street presents an attractive multi-tenant office investment opportunity in the heart of Downtown Woodbury, NJ. This distinctive property spans approximately 4,800 square feet and is currently 75% leased to four tenants, providing immediate cash flow with significant potential for full stabilization. Adding to its income profile, a detached garage includes an apartment above, contributing further revenue.
The property features seven designated parking spaces on-site and additional parking access in the adjacent lot, ensuring convenient access for tenants and visitors alike. Situated along heavily traveled Cooper Street, which sees an average daily traffic count of approximately 23,000 vehicles, the asset benefits from high visibility and accessibility.
Located within Gloucester County’s government hub, the property is surrounded by a diverse employment base, including legal, healthcare, and professional service industries. It offers quick connectivity to major regional arteries, such as I-295, Route 55, and Route 130, as well as close proximity to the New Jersey Turnpike. Center City Philadelphia is just 15 miles away, making this location well suited to businesses needing access to both Southern New Jersey and the Greater Philadelphia region.
This offering is strategically positioned to attract stable, professional tenants while offering investors a well-located property with upside potential in occupancy and income growth.

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
4,800 SF
Building Class
C
Year Built
1890
Price
$415,000
Price Per SF
$86.46
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,274 SF
Slab To Slab
10’
Building FAR
0.71
Lot Size
0.16 AC
Zoning
C1
Parking
6 Spaces (7.85 Spaces per 1,000 SF Leased)

Amenities

  • Signage
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
22-00117-0000-00022
Land Assessment
$54,000
Improvements Assessment
$147,000
Total Assessment
$201,000
  • Listing ID: 24634108

  • Date on Market: 11/30/2021

  • Last Updated:

  • Address: 38 Cooper St, Woodbury, NJ 08096

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