304 Newton Ave - Office FOR SALE


Oaklyn, NJ 08107
$949,000 USD
856-810-5712
304 Newton Ave, Oaklyn, NJ for Sale
$949,000 USD
Office - FOR SALE
1/25
null | Request Cap Rate

304 Newton Ave
Oaklyn, NJ 08107


HIGHLIGHTS

  • Situated in Oaklyn, NJ, just off the White Horse Pike and close to exits 3 & 4 of the NJ Turnpike, with easy access to Philadelphia.
  • Bottom floor recently remodeled, offering immediate potential for additional income from two vacancies.
  • Includes three storage units in the rear of the property, adding extra rental income.
  • Large parking area available for tenants and clients, enhancing accessibility and convenience.
  • Tenants with over 10 years of occupancy, demonstrating stability and reliability in rental income.
  • 7,400 sq. ft. of office space, almost fully tenanted by long-term, reliable tenants including a telehealth/wellness center and accounting firm.

OVERVIEW

Great investment property available in Oaklyn, NJ just off the White Horse Pike close to Philadelphia near exits 3 & 4 of NJ Turnpike. Income producing professional office building with 13 units plus storage units in the rear of the property. Three stories of office space totaling 7,400 sq. ft. almost fully tenanted with great income. Over $8,000 / month in current income with two vacancies on the bottom floor that is ready to be filled. Long term tenants for 10 plus years, 3 storage units in the rear of the building, large parking area, located on quiet street just off the White horse Pike. 5 Tenants occupy the building and three tenants in the storage spaces. Tenants include telehealth / wellness center, Accountant and other professional uses. The lower level has one vacancy that would lease for $1500/month. Great investment opportunity ! Call for tours , financials and complete details.

FOR SALE DETAILS

PRICE

$949,000 USD

PRICE/SF

$127 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Investment property 7.8% CAP RATE

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1951

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

office

APN/PARCEL ID

26-00046-0000-00008

ASK ABOUT THIS PROPERTY

Jason BensteadBerkshire Hathaway Fox & Roach - Devon-WayneMore Info
856-810-5712

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Jason BensteadBerkshire Hathaway Fox & Roach - Devon-WayneMore Info
856-810-5712

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