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170 ROUTE 70 Medford, NJ 08055
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Key Details
Sold Price $925,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 4,200 sqft
Price per Sqft $220
MLS Listing ID NJBL2029538
Sold Date 10/03/23
Originating Board BRIGHT
Year Built 1977
Annual Tax Amount $16,077
Tax Year 2022
Lot Size 3.340 Acres
Acres 3.34
Lot Dimensions 0.00 x 0.00
Property Description
A very rare opportunity to own a High Visibility, prime 4200 Square Foot property situated on 3.34 acres on Route 70 East in Medford, NJ. Zoned Highway Commercial HC-1. The retail area is 1800 SF and the warehouse 2400 SF. It’s presently a Carpet Firm with a very large warehouse. Great visibility. The owner has indicated, and an older plot plan supports it, that at least another 4200 SF could be added to the right side of the existing building if desired....for growth or for immediate expansion. The retail area has HVAC, and the warehouse area is Air Conditioned. There are many uses that this building/property could be utilized for. This could provide innovative warehouse solutions for small and medium sized businesses. The latter could include Ecommerce, retail, manufacturing, professional and technical service spaces, or many other applications. The traffic flow on Route 70 is 30,000 to 45,000 vehicles + per day....and varies on weekends and is on the East Route side going to the shore. This building has two 10' Wide 12' High Drive In Overhead Garage Doors, that opens into 16’ High Ceilings. It’s strategically located within the Tri-State Area. Conveniently located to both the New Jersey and Pennsylvania Turnpikes. One of its main features is that the retail space has both heated and air conditioned, while the warehouse is heated. It’s truly a rare find, in this location. It has a paved parking lot for 16+ parking spaces and could be more. Perfect convenience with Access to all the city has to offer. Close proximity to Higher Medical Facilities & Teaching Facilities…such as Cooper, Fox Chase, Jefferson, Virtua & Penn. Close Proximity to High End Shopping, The Promenade Shopping Center, Centerton Square (Wegmans & Costco), Moorestown and Cherry Hill Malls. Convenient location to Routes 70, 73, 206, 38 and the Atlantic City Expressways & Garden State Parkway. Easy access to the Ben Franklin, Walt Whitman, Burlington Bristol, Commodore Barry, Tacony-Palmyra Bridges. Close to the Philadelphia International Airport, and Atlantic City Airport and Sports Stadiums. Just an unbeatable location that highlights this property. Less than 45 minutes to Long Beach Island, and other shore points. Unlike many communities, Medford has not lost its’ “soul” to the suburban sprawl which has consumed many of New Jersey’s towns. Medford has a bustling Village area, where unique shops and restaurants line our original and historic “Main Street.”...and, and, supports new businesses. The residential areas in Medford have been created with respect for the woodlands, streams and lakes surrounding us. Homes of log cabins, Victorian estates and contemporary facades dot the landscape. Dedicated open space, private camps, bike paths and sidewalks allow for many recreational activities. With Medford’s border of a million acres of protected forest and over 50% of the township as dedicated open space and natural surroundings, Medford is assured of a quiet and healthy environment for the future. This is a very prime Route 70 East location.
Location
State NJ
County Burlington
Area Medford Twp (20320)
Zoning HCRH
Interior
Hot Water Natural Gas
Heating Central, Forced Air
Cooling Central A/C
Flooring Concrete
Heat Source Electric
Exterior
Garage Spaces 18.0
Utilities Available Natural Gas Available, Cable TV Available, Electric Available, Multiple Phone Lines, Phone, Phone Available, Phone Connected, Water Available, Sewer Available
Waterfront N
Water Access N
View Street, Trees/Woods
Roof Type Rubber,Asphalt,Shingle
Street Surface Access - On Grade,Black Top,Paved,US Highway/Interstate
Accessibility Other, 2+ Access Exits, 36\"+ wide Halls, 32\"+ wide Doors, >84\" Garage Door
Road Frontage City/County, Public, State
Parking Type Off Site, Parking Lot
Total Parking Spaces 18
Garage N
Building
Lot Description Backs to Trees, Front Yard, Interior, Level, Not In Development, Partly Wooded, Road Frontage, Rural, Trees/Wooded
Foundation Slab
Sewer Mound System, On Site Septic
Water Well
New Construction N
Schools
School District Medford Township Public Schools
Others
Tax ID 20-00903 02-00024
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, Negotiable, Other
Listing Terms Cash, Conventional, Negotiable, Other
Financing Cash,Conventional,Negotiable,Other
Special Listing Condition Standard
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Bought with Margaret Willwerth • Century 21 Alliance-Medford