Meg Good - Coldwell Banker Hearthside

IQWeb_Description

This property comes with some very unique opportunities. The owner is in the process of subdividing the property into two (2) separate parcels. Parcel #1 is approximately one (1) acre and contains a 4,525 square foot building. Parcel #2 is approximately one and a half (1.5) acres. It is undeveloped. Parcel #1 is leased to a used car dealership. They are presently in the first year of a five (5) lease. The tenant holds an option to purchase Parcel #1. Terms and conditions for the option will be released to serious prospects. If exercised the option will cover a majority share of the purchase price. Owner will absorb the cost of completing the subdivision under the right terms and conditions. The property has access on three sides, Route 130, Jerome Street and Greenwood Avenue. Parcel #2 is the perfect location for a Super Gas/Convenience Store, Daycare Center, Office Complex, Retail Center, Free-Standing Dollar Store or Self-Storage, etc. The property has everything that a developer could ask for including, easy access, high residential density in the surrounding five (5) mile radius and high traffic counts. Route 130 and the intersecting Route 541 are major retail and industrial corridors. The property is within two(2)to ten (10) miles of all major arteries, including, the NJ Turnpike, the PA Turnpike, I-95, I-295 and NJ/PA Bridges.

IQWeb_Details

IQWeb_MLS1001543754
IQWeb_StyleIQWeb_Industrial
IQWeb_SubtypeResale
IQWeb_StatusActive
IQWeb_Year1938
IQWeb_Days_on_Site85

IQWeb_Features

IQWeb_SQ_Feet4,525
IQWeb_Storys0
IQWeb_ZoningC-3

IQWeb_Market_Activity 08016

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IQWeb_Area_Information

IQWeb_StateNJ
IQWeb_CityBURLINGTON
IQWeb_Zip_Code08016
IQWeb_AreaBurlington City (20305)
Listing VS Median (in 08016)
Price:
$1,395,000
low | high
Med:
$169,000
100% of Average
SqFt:
4,525
low | high
Med:
1,685
100% of Average
$ / SqFt:
$308
low | high
Med:
$102
100% of Average
On Site:
85
low | high
Med:
155
54.838709677419% of Average
IQWeb_Listing_Updated: 08/14/2018
MLS Number: 1001543754
IQWeb_Listing_Provided_By:
John P Garruto  IQWeb_of  Arrow Real Estate Services

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