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501-517 West Street

CAMDEN, NJ 08103
  • $400,000
  • STATUS: Active
  • ON SITE: 97 Days
  • ID#: NJCD2061076
UPDATED: 198 min ago
$400,000
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1900
County:

School Ratings & Info

School District:

Description

Welcome to the Keystone Telegraph building, ideally located in the up and coming Lanning Square neighborhood. This area is on the border of both Downtown and the Medical Arts district. The property is located several blocks South of the MLK Blvd (Mickle Blvd), and a few blocks West of the booming Cooper Plaza / Medical Arts district along the Broadway corridor. There isn't a more convenient location to the Camden County Superior Court, Rutgers School of Nursing, Cooper-Rowan Medical School, PATCO High Speed Train, NJ Riverline Train, and countless other amenities! The building was constructed in 1900 +/- by the Keystone Telegraph & Telephone Company to house their South Jersey operations, connecting Philadelphia to Southern New Jersey. Keystone constructed their Camden City location to the highest standards - "over-built" doesn't begin to describe this 3 story brick structure. With over 11,500 square feet across three floors, this is the perfect opportunity for an owner-occupant or investor, to revitalize the site as a commercial office building, multifamily housing, a mixed use property, light commercial, retail, restaurant, daycare and more. While there is currently not an elevator, there is room on the property to either add an exterior elevator shaft, or retrofit a shaft within the existing structure. This modification would require city approval, however, a number of other buildings within the area have been granted such an approval. As one of the tallest structures in the neighborhood, sweeping views of the waterfront area and Downtown are visible from many vantage points. Preliminary engineering assessments have concluded that the building's existing construction would easily allow for one or two additional stories, adding 4000 to 8000 additional square feet of usable space - this information is not guaranteed, and should be verified independently by an engineer or other professional. Each of the three floors feature ceiling heights that soar up to 15 feet. The front and back of each floor is serviced by a modern staircase that meets code. As a result of the central beam construction, there are no interior load bearing walls - each floor can be subdivided or left completely open. One of the striking features are the 90+ oversized windows with keystone lintels, that flood each floor with sunlight from every direction. The building is situated on the South West corner of Berkley and West. Across the street, on the North West corner, is a 1 acre redevelopment site that recently received planning approval for an 87 unit market-rate apartment building for students and professionals. To the West, on the opposite end of the same block, is a newly renovated public park with outdoor amenities. To the South, is a modern medical building offering state of the art medical care. The property is located within one of Camden's federally-designated Opportunity Zones. With a rich history and great bones, the Keystone Telegraph building is the right property to make your plans a reality. Additional lot included, Lot 56, 432 Berkley St., 18' X 53'.

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©2024 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: 2024-04-18T13:02:30.987.
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501-517 West Street CAMDEN, NJ 08103

  • Price: $400,000
  • Status: Active
  • On Site: 97 Days
  • Updated: 198 min ago
  • ID#: NJCD2061076
0
Beds
0
Baths
0
½ Baths
0.09
Acres
1900
Built
Neighborhood:
Lanning Square
County:
Camden
Area:
Camden City (20408)
School District:
Camden City Schools
Property Description
Welcome to the Keystone Telegraph building, ideally located in the up and coming Lanning Square neighborhood. This area is on the border of both Downtown and the Medical Arts district. The property is located several blocks South of the MLK Blvd (Mickle Blvd), and a few blocks West of the booming Cooper Plaza / Medical Arts district along the Broadway corridor. There isn't a more convenient location to the Camden County Superior Court, Rutgers School of Nursing, Cooper-Rowan Medical School, PATCO High Speed Train, NJ Riverline Train, and countless other amenities! The building was constructed in 1900 +/- by the Keystone Telegraph & Telephone Company to house their South Jersey operations, connecting Philadelphia to Southern New Jersey. Keystone constructed their Camden City location to the highest standards - "over-built" doesn't begin to describe this 3 story brick structure. With over 11,500 square feet across three floors, this is the perfect opportunity for an owner-occupant or investor, to revitalize the site as a commercial office building, multifamily housing, a mixed use property, light commercial, retail, restaurant, daycare and more. While there is currently not an elevator, there is room on the property to either add an exterior elevator shaft, or retrofit a shaft within the existing structure. This modification would require city approval, however, a number of other buildings within the area have been granted such an approval. As one of the tallest structures in the neighborhood, sweeping views of the waterfront area and Downtown are visible from many vantage points. Preliminary engineering assessments have concluded that the building's existing construction would easily allow for one or two additional stories, adding 4000 to 8000 additional square feet of usable space - this information is not guaranteed, and should be verified independently by an engineer or other professional. Each of the three floors feature ceiling heights that soar up to 15 feet. The front and back of each floor is serviced by a modern staircase that meets code. As a result of the central beam construction, there are no interior load bearing walls - each floor can be subdivided or left completely open. One of the striking features are the 90+ oversized windows with keystone lintels, that flood each floor with sunlight from every direction. The building is situated on the South West corner of Berkley and West. Across the street, on the North West corner, is a 1 acre redevelopment site that recently received planning approval for an 87 unit market-rate apartment building for students and professionals. To the West, on the opposite end of the same block, is a newly renovated public park with outdoor amenities. To the South, is a modern medical building offering state of the art medical care. The property is located within one of Camden's federally-designated Opportunity Zones. With a rich history and great bones, the Keystone Telegraph building is the right property to make your plans a reality. Additional lot included, Lot 56, 432 Berkley St., 18' X 53'.
Exterior Features

Construction Materials MasonryBrick Garage YN No Location Type Downtown Lot Features Additional Lot(s)Corner Other Equipment None Parking Types DrivewayOff Site Property Condition Major Rehab Needed Road Responsibility City/County Road Surface Type Paved Roof PitchedRubber Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 11665.00 Cooling None Flooring 3000+ PSIConcreteWood Heating None Net Square Feet 10000.00

Property Features

Acceptable Financing Bank PortfolioCashNegotiableSeller Financing Accessibility Features Level Entry - MainRamp - Main LevelVehicle Transfer Area Central Air YN No Cooling Fuel None Cross Street Berkley Electric 200+ Amp Service3 Phases440 Volts Entry Level 1 Foundation Details Brick/Mortar Heating Fuel Natural Gas Hot Water None Lease Considered YN Yes Municipality CAMDEN CITY Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 802811850638 Ownership Interest Fee Simple Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 4637.00 Utilities Cable TV AvailableNatural Gas AvailablePhone AvailableSewer AvailableWater Available Vacation Rental YN No Water Source Public Zoning R3 Zoning Description High density residential.

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©2024 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: 2024-04-18T13:02:30.987.
 
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Holloway Real Estate Group | eXp Realty
102 Centre Blvd. Suite J
Marlton NJ, 08053