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- $1.2M Price
- 12,800 Sqft
- 17.8 Acres
- 115 DOM
519 Lakehurst Rd
CAME BACK ON THE MARKET. Prime investment property. 2.0 ac with 12,800 sf strip center retail building and 15.7 ac wooded property in Browns Mill, NJ. There are 16 units with 65 parking spaces. Now 70% of occupancy but still the cap rate is 7.6%. When you make more tenants, your cap rate will be 9%. The tenants are a Pizza restaurant, a Chinese restaurant, a Laundromat, a Dry Cleaner, a Doctor's office, a Barbershop, an SPA, and churches. This property has 4 lots (20, 25, 26, 27); 2 lots (25, 26) are part of the Plaza, and the remaining 2 lots consist of 15 acres of undeveloped land and an access road. The 2023 appraisal value was $1,400,000. The property's soil contamination is currently undergoing treatment. If the issue persists after the sale, the seller plans to contribute a certain amount to the escrow. If the buyer commits to resolving this issue, negotiations on the price are possible.
Essential Information
- MLS® #NJBL2057998
- Price$1,170,000
- Bathrooms0.00
- Square Footage12,800
- Acres17.80
- Year Built1978
- TypeCommercial Sale
- Sub-TypeRetail
- StatusPending
Community Information
- Address519 Lakehurst Rd
- AreaPemberton Twp (20329)
- CityBROWNS MILLS
- CountyBURLINGTON-NJ
- StateNJ
- MunicipalityPEMBERTON TWP
- Zip Code08015
Interior
- HeatingCentral
- CoolingCentral A/C
Exterior
- ExteriorBrick and Siding
School Information
- DistrictPEMBERTON TOWNSHIP SCHOOLS
Additional Information
- Date ListedDecember 30th, 2023
- Days on Market115
- ZoningCOMMERCIAL
Listing Details
- OfficeRealty Mark Advantage
- Office Contact(856) 457-4900
Price Change History for 519 Lakehurst Rd, BROWNS MILLS, NJ (MLS® #NJBL2057998)
| Date | Details | Price | Change |
|---|---|---|---|
| Pending | – | – | |
| Active | – | – | |
| Pending | – | – | |
| Active Under Contract (from Active) | – | – |
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Listing information last updated on November 25th, 2024 at 2:45am CST.