Views
Address
638- Stokes, Medford, NJ
Price
$ 1,150,000
Property Attributes
- MLS#NJBL2059526
- TypeCommercial
- CountyBURLINGTON
- CityMedford
- AreaMedford Twp
- Zip08055
- StyleRestaurant/Bar
- Year Built1979
- Taxes$ 25279
- Price$ 1,150,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage6250
- Lot Size0.94 Acres
Data Source:
Bright MLS
Property Description
A rare opportunity to own two properties on Stokes Road in Medford. This is a Developer's Dream. Incredible opportunity for an investor, owner occupied, or developer to purchase one lot .(which totals 41,077SF of land), .94 acres. The buildings are the last prime commercial site locations presently availableon Stokes Road..., and one of the most strategically based business districts in Medford Township. Previously known as Angelina Trattori, and,. before then, the Lite Bite Restaurant....which are now vacant. The Primary Layout areas in the latter commercial building are included as follows: A. Cathedral Dining Room Front of Bldg. Est. 646 SF, B. Main Dining Room Area Est. 1,344 SF, C. Serving Area Est. 285 SF, D. Kitchen Area Est. 924 SF, E. Kitchen Expanded Area Est. 825 SF. There were three freezer & refrigeration areas, an office, entrance lobby, etc. The property could be completely rehabilitated or demolished to fit one's requirements. or, the complete site could be developed. There's a wide range of professional or retail uses. (See Zoning Document). Additionally, any owner/purchaser could use the main commercial building and/or lease or occupy the residential house, which was a two-family rental property for additional income or, a live-in owner could possibly have a second business on the first floor. Many many options. Presently has a Well & Public Sewer, but public water is available. The main building is approximately 4500 SF and, the house is an estimated 1750 SF. Most important they are positioned near a high traffic volume Signalized intersection. The Traffic Count Average is over 20,000-25,000 vehicles a day. Excellent Dense and Affluent Demographics surrounded by high medium household income developments (Average $125,748.00). Superior Location and Access....it simply doesn't get any better. Zoned CC..(Community Commercial) allows many retail and commercial uses....but, may need a variance depending upon the use. This is one of the last few commercial parcels for sale on Stokes Road in Medford. Close to first class medical facilities, and,....access to numerous points of interest. Simply stated, this parcel most certainly has High Visibility, High Traffic Volume, and is strategically located. Obviously these properties have significant key factors. 1. Strategic Location, 2. Exposure, 3. Visibility, 4. Convenience to other businesses and local communities, 5. Zoning Flexibility, 6. Parking, 7. Many amenities nearbyrestaurants, high end shopping, medical facilities, etc. 8. Location to your clients & customers. Fantastic location for your existing or future new business. A very substantial benefit here is depending how you develop it, there is enough land, that one can plan for future growth. Medfords accessibility is by I-295, & Routes 38, 206, 73, 70, PA & NJ Turnpikes, & the Atlantic City Expressway and, close proximity to center Philadelphia and Shore points. Within close proximity to the high-end Promenade Shopping center, and minutes away from the Cherry Hill & Moorestown Malls, the Marketplace at Garden State, and Centerton Square/Moorestown. It's approximately 30 minutes to center Philadelphia, about an hour's drive to the Jersey Beaches, and 1 hour+ to New York City, not to mention that it's centrally located in the Tri State area. A short drive to the Ben Franklin, Walt Whitman, Tacony-Palmyra Bridge or Burlington/Bristol Bridges connecting with I-95 & Bucks County. Easily accessible to the Philadelphia International Airport and Atlantic City's Int'l Airport. The property is being sold "AS IS", and,.. all inspections, certifications, and approvals are the responsibility of the buyer.
| Price History | |
|---|---|
| 2/9/2024 | Listed $1,150,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central |
| Cooling | Central A/C |
| Utilities | Electric Available,Natural Gas Available,Cable TV Available,Above Ground |
| Possession | 0-30 Days CD,120-180 Days,31-60 Days CD,61-90 Days CD,Settlement,Other |
| Roof | Shingle |
| Zoning | GC |
| Construction Materials | Masonry |
| Exclusions | Three Oven Fixtures |
| Year Built | 1979 |
| Electric | 200+ Amp Service,Circuit Breakers |
| View | Street |
| Topography | Leveled,Paved Parking Lot,Landscaped Frontages |
| Property SubType | Retail |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Natural Gas |
| Business Type | Other,Restaurant/Bar |
| Accessibility | Mobility Improvements |
| County | BURLINGTON |
| New Construction | No |
| Property Type | Commercial Sale |
| Possible Use | Automotive,Bar/Tavern/Lounge,Barber/Beauty,Bed & Breakfast,Clothing,Commercial,Convenience Store,Day Care,Distribution,Dry Cleaner,Financial,Flex Space,Florist/Nursery,Food & Beverage,Food Market,Fun |
| Water Access Y/N | No |
| Property Use | Owner User |
| Status | ACTIVE |
| Directions | East On Route 70,Right on Main Street (Rt. 541),Continue for about 3 miles,property on right. |
| ModificationTimestamp | 2024-04-05T01:52:05 |
| City | MEDFORD |
| Buyer Agent Compensation | 2 |
| Total Units | 2 |
| MLS Area | Medford Twp (20320) |
| Lot Size Square Feet | 40946.40 |
| Tax Assessed Value | 761900.0 |
| Waterfront Y/N | No |
| Street Name | STOKES |
| Tax Annual Amount | 25279.0 |
| Property Condition | Good,Average |
| Price Per Sq Ft | 184.0 |
| Acceptable Financing | Conventional,Cash |
| Historic Y/N | No |
| Lease Considered Y/N | No |
| Vacation Rental Y/N | No |
| Virtual Tour | https://drive.google.com/file/d/1qeVuPlL42OXaFYMDOEiEQ7i527aXSn6E/view?usp=drive_link |
| Days on Market | 69 |
| Standard Status | Active |
| Year Built Source | Assessor |
| Tax Lot | 00041 01 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Flooring | Tile/Brick |
| Hot Water | Natural Gas |
| Total Stories | 1 |
| Heating Y/N | Yes |
| Central Air Y/N | Yes |
| Total Restrooms | 4 |
Exterior Features
| Parking Features | Private |
|---|---|
| Lot Features | Backs to Trees,Cleared,Front Yard,Landscaping,Subdivision Possible,Other |
| Water Source | Well |
| Total Parking Spaces | 50 |
| Type of Parking | Parking Lot |
| Traffic Count | 20000-29999 |
| Foundation Details | Crawl Space |
| Water View Y/N | No |
| Building Area Total | 6250.00 |
| Lot Dimensions | 0.00 x 0.00 |
| Lot Size Acres | 0.94 |
| Road Frontage Length | 151 |
| Lot Size Units | Square Feet |
| Lot Size Source | Estimated |
| Topography Description | Leveled,Paved Parking Lot,Landscaped Frontages |
| Road Responsibility | Boro/Township |
| Land Assessed Value | 306500.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| Fencing Y/N | Yes |
| LotDimensionsSource | Assessor |
| Car Parking Spaces | 50 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 08055
Price
Taxes
Visits
Year Built
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