Skip To Content

416-418 Stokes Road

MEDFORD, NJ 08055
  • $999,000
  • STATUS: Active
  • ON SITE: 82 Days
  • ID#: NJBL2033130
UPDATED: 126 min ago
$999,000
  • 0
    BEDS
  • 0.6
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1979
County:

School Information

Middle School:
High School:

Description

A rare opportunity to own a very well maintained a 4848 SF investment commercial property currently leased through April 30, 2025 by an Engineering Firm. There's also the option to occupy, should any owner wish to negotiate the current lease terms. There's presently two buildings on the site being utilized...as professional offices and storage. You enter the main building to a expansive reception area, surrounded by 12 offices, and 4 production areas that include a copying/blueprint space, file area, conference room, Kitchenette, and two restrooms. Obviously, some of these areas could be converted to offices or other areas. The second level has a utility room that stores the Solar Panel Electric Panels Distribution, two restrooms, storage area, and file area, which could be converted to other offices. There are also some storage closets, etc. The building has three HVAC systems....which the first floor is divided in half, with two zones of independent HVAC systems. The upstairs has its own independent system. The existing lease is a Double Net Lease with the Landlord paying the Real Estate Taxes. (Tenant Pays all expenses & utilities). The Solar Cells are owned and will be transferred to any new purchaser, at no cost. The second building is an older historic house, which has been converted to storage, which has four areas on the first floor, and three areas on the second floor, with restrooms on each floor. The Building layouts are in the document file. It has This is strategically located on Stokes Road, which is the business corridor within Medford. Walking distance to retail businesses, restaurants, fast food, Murphy's Grocery, Otts, PJ Welihans, Zinc Cafe, and,.. many other professional entities. Perfect convenience with Access to all the city has to offer. Close proximity to Higher Medical Facilities & Teaching Facilities+G-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, & 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+GG +G+soul+G- to the suburban sprawl which has consumed many of New Jersey+GGs towns. Medford has bustling Village area, where unique shops and restaurants line our original and historic +G+Main Street.+G-...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+GGs 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 Medford location.

Monthly Payment Calculator



©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Holloway Real Estate Group | eXp Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-12-05T23:50:03.683.
www.njhousehunter.com/homes/133073563
Print Image

416-418 Stokes Road MEDFORD, NJ 08055

  • Price: $999,000
  • Status: Active
  • On Site: 82 Days
  • Updated: 126 min ago
  • ID#: NJBL2033130
0
Beds
0
Baths
0
½ Baths
0.6
Acres
1979
Built
Neighborhood:
Medford Twp (20320)
County:
Burlington
Area:
Medford Twp (20320)
Middle School:
Medford Township Memorial
High School:
Shawnee
School District:
Medford Township Public Schools
Property Description
A rare opportunity to own a very well maintained a 4848 SF investment commercial property currently leased through April 30, 2025 by an Engineering Firm. There's also the option to occupy, should any owner wish to negotiate the current lease terms. There's presently two buildings on the site being utilized...as professional offices and storage. You enter the main building to a expansive reception area, surrounded by 12 offices, and 4 production areas that include a copying/blueprint space, file area, conference room, Kitchenette, and two restrooms. Obviously, some of these areas could be converted to offices or other areas. The second level has a utility room that stores the Solar Panel Electric Panels Distribution, two restrooms, storage area, and file area, which could be converted to other offices. There are also some storage closets, etc. The building has three HVAC systems....which the first floor is divided in half, with two zones of independent HVAC systems. The upstairs has its own independent system. The existing lease is a Double Net Lease with the Landlord paying the Real Estate Taxes. (Tenant Pays all expenses & utilities). The Solar Cells are owned and will be transferred to any new purchaser, at no cost. The second building is an older historic house, which has been converted to storage, which has four areas on the first floor, and three areas on the second floor, with restrooms on each floor. The Building layouts are in the document file. It has This is strategically located on Stokes Road, which is the business corridor within Medford. Walking distance to retail businesses, restaurants, fast food, Murphy's Grocery, Otts, PJ Welihans, Zinc Cafe, and,.. many other professional entities. Perfect convenience with Access to all the city has to offer. Close proximity to Higher Medical Facilities & Teaching Facilities+G-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, & 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+GG +G+soul+G- to the suburban sprawl which has consumed many of New Jersey+GGs towns. Medford has bustling Village area, where unique shops and restaurants line our original and historic +G+Main Street.+G-...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+GGs 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 Medford location.
Exterior Features

Construction Materials Aluminum SidingBrick FrontConcreteCpvc/PvcMixed Plumbing Door Features Double EntryInsulated Garage YN No Location Type Highway Lot Features Backs To TreesFront YardInteriorLevelNo Thru StreetNot In DevelopmentPartly WoodedRear Yard Parking Features Paved ParkingUnassigned Parking Types Parking Lot Property Condition Very Good Riparian Rights YN No Road Responsibility Boro/Township Road Surface Type Access - On GradeBlack Top Roof PitchedShingle View StreetOther Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 4848.00 Cooling Central A/CProgrammable Thermostat Flooring Engineered WoodFully Carpeted Heating Forced Air Heating YN Yes Inclusions Solar Panel System Net Square Feet 4848.00

Property Features

Acceptable Financing CashConventionalNegotiableSeller Financing Accessibility Features 2+ Access Exits32"+ Wide Doors Annual Gross Expense 29814.00 Assessment Year 2022 Business Type Professional Central Air YN Yes Cooling Fuel Electric Cross Street Jackson Road Electric 200+ Amp Service Elevators 0 Entry Level 1 Foundation Details Concrete PerimeterSlab Gross Income 137783.00 Heating Fuel Natural Gas Historic YN No Hot Water Electric Internet Services CableSatellite Lease Considered YN No Municipality Medford Twp Navigable Water YN N Net Operating Income 107969.00 New Construction YN No Number Of Units Total 2 Operating Expense 29814.00 Operating Expense Includes InsuranceOther Original MLSNumber 801853603932 Owner Pays Taxes - Real Estate Ownership Interest Fee Simple Possession 0-30 Days Cd120-180 Days31-60 Days CdImmediateSettlementNegotiable Property Sub Type Office Sale Type Standard Sewer Public Sewer Tax Annual Amount 21131.00 Tax Assessment Amount 650200.00 Tax Lot 00013 Total Actual Rent 137783.00 Utilities Above GroundCable TvElectric AvailableNatural Gas AvailablePhone AvailablePhone ConnectedSewer AvailableUnder GroundWater Available Vacation Rental YN No Water Source Public Zoning Cc

Listing courtesy of Keller Williams Realty - Marlton: .


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Holloway Real Estate Group | eXp Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-12-05T23:50:03.683.
 
https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_801853603932-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_801853603932-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_801853603932-2.jpg
Logo
Holloway Real Estate Group | eXp Realty
102 Centre Blvd. Suite J
Marlton NJ, 08053