219 W Camden Ave - Restaurant FOR SALE


Moorestown, NJ 08057
$725,000 USD
856-360-2486
219 W Camden Ave, Moorestown, NJ for Sale
$725,000 USD
Restaurant - FOR SALE
1/5
null | Request Cap Rate

219 W Camden Ave
Moorestown, NJ 08057


HIGHLIGHTS

  • High Traffic Densely Populated Area Centrally Located By Route 73.
  • Zoned Lenola Town Center With Many Available Uses Including Restaurant, Brewery, and Distillery.
  • Has 2 Driveway Access on Busy County Road.
  • Currently Operates As Restaurant And Can Continue As Restaurant Or Can Be Purchase For Redevelopment.
  • The Camden Ave Corridor From Lenola Road to Route 73 Is undergoing Redevelopment That will be Completed By Summer 2023.
  • Adjacent Property Available For Purchase As Well To Add Add to Size & Frontage Of Parcel.

OVERVIEW

Excellent opportunity and location located in Moorestown right off route 73. The corridor that property is located has undergone a complete revitalization project that is almost complete with new roads, sidewalks, landscaping, etc. The local government has also targeted this area for redevelopment by recently by designating the area in need of " rehabilitation".. This allows the local government to offer long term tax abatements for improvements by property owners. This is a densely populated area that is experiencing an influx of building and redevelopment in 2023. Property layout is unique with multiple buildings, well maintained equipment and refrigeration. Unlimited business opportunities for this location. Current business operation at site and its employees are unaware of future potential sale so we ask for discretion and all contact will be through primary contact listed.

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$264 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

Center Zone

APN/PARCEL ID

22-01100-0000-00010

ASK ABOUT THIS PROPERTY

Michael BabcockBabcock MichaelMore Info
856-360-2486

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Michael BabcockBabcock MichaelMore Info
856-360-2486

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.