Active

638--640 Stokes

Medford NJ, 08055

$1,150,000


$184.00 per sqft

Active

6,250 sqft

Commercial

Built in 1979

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 available...on 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 nearby...restaurants, 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. Medford's 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.

NJBL2059526

MLS ID

April 5, 2024

Updated

Map

638--640 Stokes
Medford NJ, 08055

Interior Features

Total Stories

1


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central, Natural Gas

Exterior/Building Features

Lot Size

0.94 Acres


Lot Features

Cleared


Roof

Shingle


Sewer

Public Sewer

Other Property Details

Area Name

MEDFORD TWP


Taxes

$25,279


Tax Frequency

Annually


Days on Market

58


Garage

No


Parking Total

50


View

Yes


View Description

Street


County

BURLINGTON


Water Source

Well


Pool

No


Buyer Agency Compensation

2%

Listed by James L Moffa, with Keller Williams Realty - Marlton
Listing Contact: 6094583711 

The IDX display contains information sourced from the Bright MLS, Inc. as of 4/5/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 4/5/2024 at 7:09 AM UTC

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