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7027 Route 38 11,000 SF 100% Leased Retail Building Pennsauken, NJ 08109 $2,500,000 ($227.27/SF)
EXECUTIVE SUMMARY
Prime Route 38 frontage – 2.26± AC with two free-standing buildings (±3,000 SF + ±8,000 SF) and ample on-site parking. Ideal for owner-user or value-add investor. The ±8,000 SF building is largely shell and ready for full renovation; the ±3,000 SF building is suited for retail/showroom/office/service uses. A small portion of the lot (approx. 800 SF) is currently licensed for parking to the neighboring Elite Auto Repair, providing ancillary income. Flexible site plan with fenced yard area and additional parking potential along Strand Ave (paving by user).
Highlights
• High-visibility highway corridor (Pennsauken – minutes to Cherry Hill, Rt-130, Rt-73, I-295, bridges to Philly)
• 2 curb cuts; large paved areas and fenced yard for staging/parking
• Multiple exit strategies: owner-occupy, lease-up of one or both buildings, or future redevelopment (buyer to confirm zoning/approvals)
• Delivery: property can be delivered vacant at closing (seller can accommodate quick timing)
• Showings by appointment only; please do not disturb neighboring businesses
Contact for full package, tours, and offer instructions.
Highlights
• High-visibility highway corridor (Pennsauken – minutes to Cherry Hill, Rt-130, Rt-73, I-295, bridges to Philly)
• 2 curb cuts; large paved areas and fenced yard for staging/parking
• Multiple exit strategies: owner-occupy, lease-up of one or both buildings, or future redevelopment (buyer to confirm zoning/approvals)
• Delivery: property can be delivered vacant at closing (seller can accommodate quick timing)
• Showings by appointment only; please do not disturb neighboring businesses
Contact for full package, tours, and offer instructions.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
11,000 SF
Building Class
C
Year Built
1970
Price
$2,500,000
Price Per SF
$227.27
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.11
Lot Size
2.26 AC
Opportunity Zone
Yes
Zoning
C-2 - § 141-82. C-2 Commercial Districts. [Amended 11-25-1981 by Ord. No. 81-32]
Parking
100 Spaces (7.69 Spaces per 1,000 SF Leased)
Frontage
196’ on ROUTE 38
AMENITIES
- 24 Hour Access
- Freeway Visibility
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 27-06504-0000-00003 | Improvements Assessment | $201,300 |
| Land Assessment | $1,069,200 | Total Assessment | $1,270,500 |
PROPERTY TAXES
Parcel Number
27-06504-0000-00003
Land Assessment
$1,069,200
Improvements Assessment
$201,300
Total Assessment
$1,270,500
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Rizq LLC
7027 Route 38
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